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Maybe the department store giant wil eventually get gobbled up by private equity. But so far investors aren't biting. A day after Women's Wear Daily reported that Kohlberg Kravis & Roberts was in talks to buy the department store giant for $24 billion, shares in the company fell 1.25 percent (though the stock had been down as much as 3.1 percent). (Crain's NY Business)
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.