The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:** Struggling American Apparel Inc, which fired controversial chief executive Dov Charney last week, said it was evaluating a proposed takeover and announced the appointment of a new head of the board.American Apparel's board believes a bid by Irving Place Capital to purchase the retailer for up to $1.40 per share is far too low, and any takeover offer should be "several multiples" higher, a source familiar with the board's thinking said.
American Apparel, Inc. is a vertically integrated manufacturer, distributor, and retailer of branded fashions basic apparel and accessories for women, men, children and babies. Shares of APP traded higher by 5.51% or $0.059/share to $1.13. In the past year, the shares have traded as low as $0.46 and as high as $1.45. On average, 1580810 shares of APP exchange hands on a given day and today's volume is recorded at 10559386.
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