True Religion Apparel, the maker of the namesake designer jeans, surged the most in more than three years after saying it will explore strategic alternatives, including a possible sale.
The company has received interest from private-equity firms and other apparel companies, said a person familiar with the matter, who asked not to be named as the talks aren’t public. The shares jumped 22.4 percent to $25.71 at the close for the biggest gain since May 2009. The stock has declined 26 percent this year.