Shareholders Approve J. Crew Sale to TPG, Leonard Green

It’s official.

Shareholders of J. Crew Group have approved the roughly $3 billion sale of the company to TPG Capital and Leonard Green. Roughly 41.1 million holders of J. Crew common stock voted for the deal, while about 13.3 million holders voted against it, a statement said.

The PE firms are paying $43 a share cash for J.

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