Pittsburgh Business Times Quotes shareholder Jeremiah G. Garvey Extensively on Potential Rue21 Buyout

Fashion retailer Rue21 Inc, spent more than a decade to become a public company, but reports suggest it may take less than four years for them to go back to being private. Jeremiah G. Garvey was quoted in a Pittsburgh Business Times article titled, “Rue21 Deal a Sign of Regulatory Times,” stating that he saw value in the fundamentals of the deal itself, as a low-interest-rate environment spurring mergers and acquisitions.

“You’ve got a lot of really high-quality folks with some money looking to invest in these types of opportunities. When they think the market is right, they act,” said Garvey.

Garvey went on to tell the Pittsburgh Business Times some of the advantages of being a private company, noting that it is more costly and challenging to maintain compliance with regulations such as the Sarbanes-Oxley Act, the Dodd-Frank Wall Street Reform, and others of the like.

“It’s expensive these days to be a public company because of the ongoing compliance, particularly if you’re smaller,” he said. 

Read the full article – “Rue21 Deal a Sign of Regulatory Times” (Pittsburgh Business Times, May 6, 2013)