Monday, July 9, 2007

Limited Brands to transfer 75 pct of namesake chain

(Reuters) - NEW YORK, July 9 - Limited Brands Inc. said on Monday it agreed to transfer a 75 percent stake in its Limited Stores chain to affiliates of Sun Capital Partners and that it finalized the sale of a 75 percent stake of its Express chain to Golden Gate Capital.



Sun Capital Partners will contribute $50 million of equity capital into the business and will arrange for a $75 million credit facility, said the company, which also owns Victoria's Secret and Bath & Body Works.


Read more at Reuters.com Mergers News

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