Search
|
Browse
|
Subscribe
|
Access Account
Retrieve Order
About Us
Contact Us
Retailnet RSS feeds
Sitemap
|
Children's Place Former CEO Considering Bid for Company
Chain Store Age
Thursday, February 7, 2008
|
|
Ezra Dabah, the former CEO of Children's Place Retail Stores Inc., said on Thursday he was confident he could make a bid to buy the company for $24 a share, sending its shares up 18% in pre-market trading.
Dabah said he had received interest from private equity firm Golden Gate Capital to be a participant in the deal.
Dabah resigned as CEO last September after an internal probe found he did not comply with the company's securities-trading policies.
The SEC filing comes the same day that Children's Place said its sales at stores open at least a year rose a better-than-expected 6% in January. Wall Street on average had been expecting a same-store sales gain of 2.5%, according to Reuters Estimates.
Same-store sales rose 9% at the Children's Place brand and 2% at the company's Disney Store chain.
Companies referred to in story:
|
Related Stories
|
· |
Children's Place Launches Review of Disney Stores
(Chain Store Age, Jan 11, 2008)
|
|
· |
President of Children's Place Resigns
(Chain Store Age, Dec 20, 2007)
|
|
· |
Zale Replaces CEO
(Chain Store Age, Dec 20, 2007)
|
|
· |
Children's Place Names CFO
(Chain Store Age, Dec 13, 2007)
|
|
· |
The Children's Place Appoints VP
(Chain Store Age, Nov 21, 2007)
|
|
· |
Children's Place Names New General Counsel
(Chain Store Age, Oct 25, 2007)
|
|
|
|
