Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of retailer J. Crew
So what: TPG Group and Leonard Green & Partners will pay $2.86 billion, or $43.50 per share, for the company if the deal goes through. The company has until Jan. 15 to find a higher bidder, which some analysts think is likely.
Now what: With shares currently trading at $43.87, above the offered purchase price, investors are betting a better bid will come during the holiday shopping season. That wish may come true, but I would prefer to shop the sale rack for American Eagle Outfitters
Interested in more info on J. Crew? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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