Figs is a direct-to-consumer healthcare-apparel maker known for its scrubs.

Healthcare apparel maker Figs has turned down Story3 Capital Partners' takeover offer to acquire all outstanding common shares at $6 a share for the Figs shares that it doesn’t already own which would value the company at over $1 billion. The company rejected the offer and is confident standalone plan and prospects according to a Securities and Exchange Commission filing. Figs is another company that boomed during the pandemic and is now under pressure generate profits and revenue.

WSJ: Medical-Apparel Maker Figs Turns Down Private-Equity Acquisition Offer