NEW YORK (CNNMoney) -- J. Crew stockholders agreed to a private equity buyout, the clothing retailer announced Tuesday.
Stockholders of J. Crew Group (JCG) voted to adopt the previously announced merger agreement with Chinos, an affiliate of private equity firms TPG Capital and Leonard Green & Partners.
TPG and Leonard Green will acquire J. Crew stock for $43.50 per share in cash.
The deal is expected to close on March 7.
J. Crew's stock rose 1% on the news. When the deal was announced in November, the stock climbed 16%. 
How to hide from the NSA
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 15,318.23 | 138.38 | 0.91% |
| Nasdaq | 3,482.18 | 30.05 | 0.87% |
| S&P 500 | 1,651.81 | 12.77 | 0.78% |
| Treasuries | 2.18 | 0.01 | 0.51% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Pfizer Inc | 29.40 | 0.24 | 0.82% |
| Dell Inc | 13.48 | 0.07 | 0.52% |
| Sprint Nextel Corp | 7.32 | 0.10 | 1.39% |
| General Electric Co | 24.33 | 0.56 | 2.36% |
| Bank of America Corp... | 13.27 | 0.06 | 0.45% |
|
Google says it wants to disclose when the government sends data requests like those in the newly discovered Prism program. More |
Bipartisan Senate reform bill would likely reduce deficits by $175 billion over first 10 years and by roughly $700 billion in the second decade, nonpartisan Congressional Budget Office says. More |
Google says it wants to disclose when the government sends data requests like those in the newly discovered Prism program. More |
Thinking about starting a business? These 10 states saw more startup activity than anywhere else nationwide, according to the Kauffman Index of Entrepreneurial Activity. More |
Total costs for health care services, including everything from doctor visits and prescription drugs to surgeries, are expected to rise 6.5% in 2014, when the Affordable Care Act fully kicks in, according to a report released Tuesday. More |
.
