BofA moved to No Rating on Canada Goose (GOOS) following the CNBC report that the company’s controlling shareholder, Bain Capital, is looking to sell its stake and has received verbal take-private bids from private equity firms Boyu Capital and Advent International valuing the company at about $1.35B. Following the report, the firm believes the stock is no longer trading on fundamentals, the analyst tells investors.
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