Ralph Lauren makes $79-million bid for Club Monaco

Article Abstract:

Polo Ralph Lauren Corp has offered C$79 million to acquire Canadian clothing retailer Club Monaco Inc. Club Monaco is currently expanding its operations in the US. Ralph Lauren said the bid, which is equal to $13 per share, is being supported by the boards of directors of both firms. News of Ralph Lauren's offer seemed to have investors' support since Club Monaco's shares have risen by $1.65 to $12.65 at the Toronto Stock Exchange.

Foreign operations, Clothing and Clothing Accessories Stores, Apparel & Shoe Stores, Polo/Ralph Lauren L.P., Club Monaco Inc.

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Venture capital firm hits jackpot

Article Abstract:

Emeryille, Calif.-based Ask Jeeves Inc. has acquired Natick, Mass.-based Direct Hit Inc. for $506 million. The deal, which valued Toronto, Ont.-based Mosaic Venture Partners stake in Direct Hit at $50 million (Canadian), gave Mosaic a 1,328% return on its investment in Direct Hit.

Telegraph & other communications, Venture Capital Companies, Miscellaneous Intermediation, Investors, not elsewhere classified, Mergers, acquisitions and divestments, Online services, Internet services, Online information services, IAC Search & Media, Mosaic Venture Partners, Direct Hit Inc., ASKJ

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