Bonnie Togs

Carter's, Inc. (NYSE: CRI) announced that it will acquire Bonnie Togs, “a children's apparel retailer in Canada, for a total of up to $98M,” Citi reports. “We estimate the deal is valued at a 0.9x P/Sales multiple and a 6.9x EV/EBITDA multiple, which is reasonable given our average mean for retail...