By  on November 13, 2008

Investment firms KarpReilly Capital Partners and H.I.G. Capital are making a run at Charlotte Russe Holding Inc.

They submitted a nonbinding offer to the teen retailer’s board Wednesday to acquire all of its outstanding stock at $9 to $9.50 a share, a 31 to 38 percent premium on Tuesday’s close of $6.89. The offer values the company at $188 million to $198 million.

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