American Apparel Rejects Dov Charney-Led Takeover BidBy and
Clothing retailer will push forward with lender-backed plan
Chain's founder may need favorable court ruling to win control
American Apparel Inc.’s directors rejected the latest takeover offer involving founder and fired Chief Executive Officer Dov Charney, because he and the funds backing him refused to commit about $130 million needed for the deal to win over objections by the company’s senior lenders.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.