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4-Traders Homepage  >  Equities  >  Nyse  >  Abercrombie & Fitch Co.    ANF

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Abercrombie & Fitch : Sycamore got closest to acquiring Abercrombie & Fitch - sources

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07/10/2017 | 02:56pm CEST

Private equity firm Sycamore Partners came closest to acquiring Abercrombie & Fitch Co (>> Abercrombie & Fitch Co.), but could not meet the U.S. teen apparel retailer company's valuation expectations, people familiar with the matter said on Monday.

Private equity firm Sycamore Partners came closest to acquiring Abercrombie & Fitch Co (>> Abercrombie & Fitch Co.), but could not meet the U.S. teen apparel retailer company's valuation expectations, people familiar with the matter said on Monday.

Sycamore agreed two weeks ago to acquire U.S. office supplies chain Staples Inc (>> Staples, Inc.) for $6.9 billion, the biggest deal in the buyout firm's history. That deal shifted its focus away from Abercrombie, the sources said.

The price Sycamore offered and the discrepancy with Abercrombie's valuation expectations could not be learnt. Abercrombie could revisit a potential deal in the future, one of the sources added.

The sources asked not to be identified because the deliberations are confidential. Abercrombie and Sycamore did not immediately respond to requests for comment.

Abercrombie said on Monday that it terminated discussions with interested parties about a potential deal following a review.

(Reporting by Greg Roumeliotis in New York)

Stocks treated in this article : Staples, Inc., Abercrombie & Fitch Co.
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Financials ($)
Sales 2018 3 265 M
EBIT 2018 4,99 M
Net income 2018 -22,8 M
Finance 2018 264 M
Yield 2018 8,36%
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 0,12x
EV / Sales 2019 0,14x
Capitalization 650 M
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Abercrombie & Fitch Co. Technical Analysis Chart | ANF | US0028962076 | 4-Traders
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Mean consensus UNDERPERFORM
Number of Analysts 20
Average target price 12,3 $
Spread / Average Target 29%
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Managers
NameTitle
Fran Horowitz-Bonadies President, Chief Executive Officer & Director
Arthur C. Martinez Executive Chairman
Joanne C. Crevoiserat Executive VP, Chief Operating & Financial Officer
James B. Bachmann Independent Director
Archie M. Griffin Independent Director
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