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.