Private equity firm Clearlake Capital Group LP is taking online retailer Bluefly Inc. (Nasdaq: BFLY) private.

The private equity firm has already bought more than 90 percent of Bluefly’s shares, and will buy the rest of them through a short form merger at $0.10 per share. Bluefly was trading at $0.39 on May 22. The deal was announced May 23. Bluefly’s shares stopped trading as of May 24.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.