Tuesday, June 5, 2007

UPDATE 1-True Religion ends strategic review, to focus on growth

(Reuters) - The company, which hired Goldman Sachs last year to
evaluate options to increase shareholder value, said its stock
is undervalued and that it expects its consumer direct segment
to grow significantly in the next three years.




"The news comes as no surprise at all," Brean Murray,
Carret & Co. analyst Eric Beder said.


Read more at Reuters.com Mergers News

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