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| There are very few remaining jewels on the beautiful island of Miami Beach, and this sale is perfect example of the value in this area, says Jill Hertzberg, Eber's partner. Right now, there are a limited number of fabulous pieces that can be owned, and the beaches, cultural events and unparalleled entertainment that Miami offers is attracting the attention of domestic and foreign buyers, both of whom are looking for primary or secondary residences. This is making for a very healthy market for savvy buyers and sellers., , The New York based private equity firm said Aeropostale had a strong brand name and a compelling valuation that made it attractive for a buyout.We urge the company to set up a special committee of independent directors and hire investment bankers to run a broad sale process, Crescendo said in a statement on Thursday.It was not immediately clear how many Aeropostale shares are held by Crescendo, and executives at the investment firm were not immediately available to comment.Aeropostale shares, which have fallen about 40 percent in the past six months, were up 3.5 percent at $10.38 in early trading on the New York Stock Exchange.Dallas based private equity firm Hirzel Capital Management LLC, which holds about 6 percent of Aeropostale, said on Tuesday it wanted to open discussions with the board that could lead to an extraordinary corporate transaction.Hummingbir |
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