No other buyer came forward during the “go shop” period
Blue Nile did not receive any alternative acquisition proposals in the 30-day “go shop” period following the announcement of its sale, the company announced in an SEC filing.
On Nov. 7, the e-tailer announced it would be purchased for $500 million by an investor group consisting of Bain Capital Private Equity and Bow Street LLC. The lack of an alternate bid likely clears the way for that transaction to go forward.
In an SEC filing last week, the e-tailer disclosed that at least seven other companies had looked into acquiring the company during two years of discussions.Follow JCK on Instagram: @jckmagazine
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