Christopher & Banks to review $64 million buyout offer

Women's clothing retailer Christopher & Banks Corp said it received a takeover offer from private equity firm Aria Partners, valuing the company at about $64 million. Photo: Steve MorganAria, which owns 4 percent of Christopher & Banks shares, offered $1.75 per share - a 51 percent premium to the stock's Monday close of $1.16. The retailer, which has hired Piper Jaffray as its financial adviser, said it will review the offer. Aria said in a statement earlier on Tuesday that it had made an

Read more ...