Pursuits
True Religion to Be Acquired by TowerBrook for $835 Million
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True Religion Apparel Inc., the maker of designer jeans worn by Megan Fox and Angelina Jolie, agreed to be bought by TowerBrook Capital Partners LP for about $835 million.
The $32-a-share offer is 8.7 percent more than True Religion’s closing price on May 9. The deal is expected to be completed in the third quarter, the Vernon, California-based company said yesterday in a statement.