Deals Rumor Mill: Yankee Candle, THL Partners, Volvo

Law360, New York (May 23, 2013, 12:07 PM EDT) -- The private equity owner of Yankee Candle Co. is snuffing out plans to sell the scented candle company after a dearth of interest, sources told Bloomberg on Thursday. Madison Dearborn Partners LLC had received some interest from prospective bidders, though none of the offers matched the $2 billion price tag that the Chicago firm hoped to hit. Despite recent revenue increases and a commanding market share for Yankee Candle, the buyout firms that had lobbed lower bids did not see enough growth potential to justify a...
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