• Most Popular
  • Most Shared

Kellwood says received $21/shr bid from Sun Capital

Wed Sep 19, 2007 12:09am EDT

NEW YORK, Sept 19 (Reuters) - Clothing company Kellwood Co KWD.N said late on Tuesday it received an unsolicited bid from Sun Capital Securities Group, LLC, to acquire all of Kellwood's outstanding shares for $21 per share.

Mergers & Acquisitions

The company said its board of directors will carefully evaluate the Sun Capital proposal.

Kellwood shares closed at $15.17 on Tuesday on the New York Stock Exchange.

(Reporting by Lewis Krauskopf)



More from Reuters

Photo

New security restrictions could hurt airlines

NEW YORK (Reuters) - Tighter security measures at U.S. airports following an attempt to blow up a Detroit-bound jet could dampen enthusiasm for air travel, hurting the airline industry just as it seemed poised to recover from a period of bruising losses, some industry experts say.

A Delta Airbus 330 airliner sits on a runway at Detroit Metropolitan Airport in Romulus, Michigan in this video grab made December 25, 2009. Credit: REUTERS/WDIV TV/Handout

The battle in mid-air

The attraction of bombing airliners means the aviation industry has to be constantly vigilant in its fight against attackers.  Full Article 

A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article