Sun Capital makes a bid for Kellwood
Shares of Kellwood Company (NYSE: KWD) shot up this morning after the marketer of apparel and consumer soft goods disclosed this morning that Sun Capital Securities Group, LLC has made a bid to acquire the company at a price of $21 in cash per share.
Kellwood said it would consider the bid along with other options in relation to the company’s previously announced long-term strategic plan.
Shares of Kellwood (KWD) shot up 29%, or $4.41, to $19.58 out of the gate.
To read a recent profile on Kellwood, click here.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
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