American Apparel is considering a buyout
American Apparel Inc. shares jumped 7 percent Monday after the company announced it was considering a buyout offer.
The Associated Press reports that the buyout offer was between $1.30 and $1.40 per share. The company didn't reveal the buyer's name.
The news comes after American Apparel officially fired its founder, Dov Charney, last week over alleged misconduct.
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Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.
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