By  on June 16, 2014

Wall Street at least believes a Sycamore Partners purchase of Express Inc. is going to happen.

Shares of Express Inc. spiked 21.4 percent in Big Board trading Friday following the disclosure Thursday that private equity firm Sycamore is targeting the teen retailer for an acquisition. The stock closed Friday at $16.45, with over 11.3 million shares changing hands compared with a three-month average daily volume of 2.1 million. At Friday’s close, Express had a market capitalization of $1.38 billion.

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