By Market News Video Staff, Tuesday, November 23, 7:05 AM ET
According to the New York Times, J. Crew (JCG) is close to a deal whereby TPG Capital and Leonard Green & Partners would pay $2.8 billion for the company, or approximately $43.50 per share.
The article also states that J. Crew would have a period to shop the deal around to see if they can get a better offer through the holidays.
The ETF with the largest percentage holding of J. Crew is the SPDR S&P Retail ETF (AMEX:XRT) with J. Crew at about 1.4% of the ETF. Top holding of this ETF include Gymboree (GYMB), JC Penney (NYSE:JCP) and AnnTaylor Stores (NYSE:ANN).
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