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NASDAQ Top Gainer: True Religion Apparel (NASDAQ:TRLG) on the Move
Category: Investment
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Visit this company: True Religion Apparel
New York, New York - October 10, 2012 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector for independent investors, issues a trading alert for the NASDAQ top percentage gainer in morning trading for October 10 th. True Religion Apparel Inc. (NasdaqGS: TRLG) is trading at $25.88, spiking $4.87 or 23.18% as of 10:20AM EDT on over 4 Million shares. The stock had high of $26.24.
The Company announced today that after receiving indications of interest from third parties regarding a potential transaction with the Company, the Board of Directors has formed a Special Committee comprised of its non-management directors to explore and evaluate potential strategic alternatives available to the Company, including a possible sale, in order to maximize shareholder value.
About True Religion Apparel, Inc.
True Religion Apparel, Inc. is a growing, design-based jeans and jeans-related sportswear brand. The Company designs, manufactures and markets True Religion Apparel products, including its premium True Religion Brand Jeans. Its expanding product line, which includes high-quality, distinctive styling and fit in denim, sportswear, and licensed products, may be found in the Company's branded retail and outlet stores as well as contemporary department stores and boutiques in 50 countries on six continents. As of June 30, 2012, the Company owned and operated 116 retail stores in the United States and 23 international stores. For more information, please visit www.truereligionbrandjeans.com.
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