Kellwood says received $21/shr bid from Sun Capital

Wed Sep 19, 2007 12:09am EDT
 
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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.

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)

 
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