Could Aeropostale Go Private?

DealREPORTER is reporting that Aeropostale, Inc. (NYSE: ARO) could potentially go private through a private equity deal, and the deal could potentially be worth $40 per share.

Aeropostale has seen its shares been hit hard recently, as it missed earnings estimates amid a slew of discounted merchandise.

Shares of ARO are up on this rumor, gaining 62 cents to $24.28, a gain of 2.6%.

Aeropostale operates as a mall-based specialty retailer of casual apparel and accessories. It designs, markets, and sells merchandise principally targeting 14 to 17 year-old young women and men.