Aeropostale Inc., the operator of more than 1,000 teen and children’s apparel stores in North America, rose the most in almost two years after private-equity firm Sycamore Partners took an 8 percent stake in the company.
Patriot Coal Corp.’s creditors want to investigate Peabody Energy Corp.’s 2007 spinoff of the coal producer, saying the transaction rid Peabody of $600 million in health-care and environmental liabilities.
Billionaire Carl Icahn ’s offer for Blockbuster Inc. has attracted a second group of liquidators, Great American Group Inc. and Tiger Capital Group LLC, to join his auction bid for the bankrupt movie-rental company , two people familiar with the matter said.
Two Patriot Coal Corp. bondholders, claiming the majority of its 99 units in bankruptcy don’t have obligations to unions and retirees, are seeking the appointment of a trustee to oversee how assets are distributed.
Talbots Inc., which posted the worst returns of any U.S. retailer in the past decade, is now offering some of the biggest potential gains for traders willing to bet a deal with Sycamore Partners LP will finally close.
Private equity bidders for Billabong International Ltd. are seeking to buy Australia’s largest surf- wear company for as little as 50 Australian cents a share, two people with knowledge of the matter said.