Shares of Crocs Inc. soared Wednesday after the Wall Street Journal reported that Crocs is meeting with private equity firms about a possible buyout.
The report cited sources it did not identify. Crocs did not respond to requests for comments.
Bloomberg News said buyout talks are being challenged by the currently-depressed price of Crocs's shares, impacted by recent quarterly shortfalls. Blackstone Group, which had explored a takeover, is now in
discussions around a stake sale or joint venture, according to the report. KKR has also been mentioned as a possible suitor.
On Wednesday, shares of Crocs rose 10.2 percent to $13.89. On Thursday, it closed at $13.62. Its 52-week ranged from $11.96 to $17.95. Shares had been as high as $70 in 2007.
