Teen-oriented Web site iTurf Inc. (Nasdaq: TURF) went running back to parent dELiA*s Inc. (Nasdaq: DLIA), which announced Wednesday an $86 million deal to merge with its 54-percent owned subsidiary.
Generation Y retailer dELIA’s is set to spin off its online unit, iTurf, which sells teenybopper clothes over the Internet and provides online chat rooms. In an eagerly awaited $75 million stock ...