Dallas, TX - PennyStockPickReport.com is pleased to alert investors of stocks on the move.
Charlotte Russe Holding, Inc. (CHIC) has entered into a definitive agreement to be acquired and taken private by investment funds managed by Advent International Corporation, a global private equity firm with expertise in the retail sector.
The stock is currently trading at $17.37 moved up about 26% on over 8.07 million shares. In the last 52-week, the stock has been trading within a range of $3.98-$17.40.
About Charlotte Russe Holdings, Inc.,
Charlotte Russe Holdings, Inc., incorporated in July 1996, is a mall-based specialty retailer of fashionable, value-priced apparel and accessories. The Company distributes and sells apparel and accessories to young women in their teens and twenties. During the fiscal year ended September 27, 2008 (fiscal 2008), the Company operated 487 Charlotte Russe stores throughout 45 states and Puerto Rico. In fiscal 2008, the Company opened 57 stores and closed two.
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