Charlotte Russe Acquired In $380M Deal

Law360, New York (August 24, 2009, 6:55 PM EDT) -- Women's clothing retailer Charlotte Russe Holding Inc. has inked an agreement to be acquired and taken private by private equity firm Advent International Corp. in a $380 million deal, the retailer revealed Monday.

In a tender offer, Advent International will pay $17.50 per share of Charlotte Russe common stock, under the terms of the merger agreement. The tender offer is expected to begin by Aug. 31, 2009, Charlotte Russe said.

After the tender offer is completed, any remaining shares of Charlotte Russe will be converted into...
To view the full article, register now.