Here is a recap of the top news items from this week on Wall Street: 1. Shares of Jo-Ann Stores (NYSE: JAS) rallied more than 32% on Thursday as private-equity firm Leonard Green & Partners offered to buyout the company in a $1.6 billion deal.
The deal values shares of Jo-Ann at $61 each, representing a 34% premium from the closing price on Wednesday. 2.
Economic data was mixed this week; personal spending for the month of November came in at 0.4%, slightly worse than the 0.5% the Street had been looking for, while personal income of 0.3% was modestly better than