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Report: Oaktree Capital to bid for Claire's Stores

Jul 11, 2018 - SNL Financial

Claire's Stores Inc. is expected to receive an offer above its current assigned value from investment firm Oaktree Capital Management LP in bankruptcy court, The Wall Street Journal reported July 9.

The accessories retailer was valued between $1.4 billion and $1.68 billion, with a midpoint of $1.52 billion, according to an assessment filed by Lazard Frères & Co. in bankruptcy court, the report said.

Thomas Lauria, partner at law firm White & Case, which is representing Oaktree, repo...