14 Nov Crocs considering going private?
Posted at 13:07h in Latest News
Crocs Inc, known for its colorful clogs, is considering going private, among other strategic options, a person familiar with the matter said on Wednesday.
The company has held talks with a small group of private equity firms, including Blackstone Group LP and KKR & Co LP, the person said, asking not to be identified because the discussions are confidential.
Representatives for Crocs, Blackstone and KKR either declined to comment or did not immediately respond to requests for comment. News of the talks was reported almost simultaneously earlier on Wednesday by Bloomberg News and the Wall Street Journal.
Crocs shares were up 9 percent at $13.79 on Wednesday afternoon on the Nasdaq.