Sycamore Partners to acquire Hot Topic for $600 mln

March 7 Thu Mar 7, 2013 9:10am EST

March 7 (Reuters) - Teen apparel retailer Hot Topic Inc said it will be acquired by private equity firm Sycamore Partners for about $600 million.

Sycamore will pay $14 per share, a 30 percent premium to Hot Topic's Wednesday close of $10.75 on the Nasdaq.