Thursday, April 5, 2007

Jones Apparel mum on breakup speculation

(Reuters) - These announcements and other recent management changes bring a measure of uncertainty about the company's direction, according to some analysts including Merrill Lynch's Virginia Genereux, who downgraded the shares following Sotos' resignation.

Jones put itself up for sale last year, but then decided not to sell. At the time, a source said Jones could not find a buyer.


Read more at Reuters.com Mergers News

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