Linens 'n Things May Go on the Block
Linens 'n Things (LIN) may be looking for a buyer, and the company has hired an adviser to help it explore its options, according to a published report.
The Financial Times said the Clifton, N.J., seller of towels, pillows and wine racks has brought in Credit Suisse First Boston to get recommendations on its future strategy.
Possible buyers could include investment groups Apollo Management, Bain Capital and Yucaipa, the report indicated.
Shares of Linens 'n Things were lately up $1.98, or 7.6%, at $27.92, after trading as high as $29.60 Wednesday. The 52-week range for the stock is $21.10 to $28.91.Linens 'n Things, founded in 1975, operates more than 500 stores in the U.S. and Canada.
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