J.Crew Confirms Stockholder's Approval for Acquisition by TPG Capital and Leonard Green & Partners

J.Crew Group, Inc. JCG announced that at a special meeting of stockholders held earlier today, stockholders voted to adopt the previously announced merger agreement with Chinos Holdings, Inc. and Chinos Acquisition Corporation, affiliates of TPG Capital, L.P. and Leonard Green & Partners, L.P. Under the terms of the merger agreement, TPG Capital and Leonard Green & Partners will acquire all of the outstanding shares of common stock of J.Crew for $43.50 per share in cash. The transaction is expected to close on or around March 7, 2011.