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Fly News Breaks for April 2, 2015
SQBG
Apr 2, 2015 | 11:42 EDT
Brean Capital believes Sequential Brands likely paid $100M-$120M, with financing from Bank of America and GSO Partners, for the 50% stake in the Jessica Simpson brand. Brean believes the JS brand is "tremendously scalable" and views the deal as a "great" acquisition for Sequential. It reiterates a Buy rating on the stock with a $17 price target.
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