J. Crew Group Shareholders File Class Action Lawsuit Complaint Against J. Crew Group Over Alleged Sale To Private Equity Firms TPG and Leonard Green.
A shareholder class action lawsuit has been filed against J. Crew Group, Inc. (“J. Crew Group” or “J. Crew” or “Defendant”) in the Delaware Chancery Court, alleging, among other things, that J. Crew Group entered into a merger agreement to be acquired and taken private by funds affiliated with TPG and Leonard Green for $43.50 per share and that the merger price allegedly undervalues J. Crew because of J. Crew’s potential for future international growth and strong brand loyalty, according to J. Crew shareholder class action lawsuit news reports.
The J. Crew Group shareholder class action lawsuit complaint is reportedly brought on behalf of a putative class of all shareholders of J. Crew Group (stock symbol: JCG).
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