Canada Goose jumps after report of take-private bids at $1.4 billion valuation
U.S.-listed shares of Canada Goose GOOS.TO, GOOS.N rise as much as 17.7% to $14.32, set for best day in three months, if gains hold
U.S.-listed shares and Toronto-listed shares of co up 13.2% and 14.4%, respectively, around noon
Canada Goose's controlling shareholder, Bain Capital, has received bids to take the luxury goods maker private at a valuation of about $1.4 billion, CNBC reports
U.S. stock has risen 21.3% YTD and closed at a valuation of $1.18 billion on Tuesday
Private equity firm Bain, which acquired Canada Goose in 2013, is looking to offload its holding, per report
Reuters could not immediately verify the report. Canada Goose and interested parties did not immediately respond to Reuters' requests for comment, while Bain declined to comment
In late July, GOOS posted a bigger-than-expected quarterly loss, hit by higher costs from efforts to expand its retail presence and promotional campaigns
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