Monday, March 20, 2006

Do Buyout Firms Have Michaels Stores Locked Up?

Bursting with funding and hungry for deals, private equity firms will continue to run laps around nonfinancial acquirers, also known strategic buyers. That is Monday’s reaction from Jeff Matthews Is Not Making This Up, a Wall Street blog, to the news that Michaels Stores has hired J.P. Morgan to help consider a sale of the company.

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