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New HSBC Merchant launches bid for J. Jill

New HSBC Merchant launches bid for J. Jill

Why did Liz Claiborne sign a credit card deal with former predatory lender Household International? Are they following the expansion example of non-performing Saks, another Household International (now HSBC) merchant? Here’s the answer:

Liz Claiborne launches bid for J. Jill
Fri Nov 18, 2005 12:19 PM ET

NEW YORK (Reuters) - Liz Claiborne Inc.
on Friday made an unsolicited offer to buy apparel chain J. Jill Group Inc. for about $366 million after previous friendly bids were spurned. Liz Claiborne offered $18 a share for J. Jill, a nearly 41 percent premium over the stock’s closing price on Thursday.

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