J. Crew Agrees to Buyout by TPG Capital, Leonard Green

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Nov. 23 (Bloomberg) -- J. Crew Group Inc. agreed to be acquired by TPG Capital and Leonard Green & Partners in a transaction valued at about $3 billion. The price is $43.50 a share, or 16 percent higher than J. Crew's closing stock price yesterday. Bloomberg's Cristina Alesci talks about the transaction with Margaret Brennan on Bloomberg Television's "InBusiness." (Source: Bloomberg)

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