BY GINA CHON AND ANUPREETA DAS
A pair of private equity firms are close to deal to acquire clothing retailer J. Crew Group Inc. for $43.50 a share in cash, or about $3 billion, people familiar with the matter said.
Under the deal being considered, TPG Capital, a former owner of J. Crew, would have a 75% stake in the company and Los Angeles firm Leonard Green & Partners would own a 25% stake, these people added.
The private equity firms plan to work with J. Crew Chief Executive Millard Drexler, who has a more than 5% stake in the company according to the most recent ...
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