Sat, Dec 27, 2014, 5:18 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

The Wet Seal, Inc. Message Board

  • smaycs4 smaycs4 Feb 15, 2013 10:19 AM Flag

    Clintons tender offer sugggestion is mildly bullish considering they would NOT tender

    On February 13, 2013, CGI sent a letter to the Board applauding the swift actions of the new Board, including the appointment of a new Chief Executive Officer, the reduction in overhead costs, the announcement of a share buyback plan and the resolution of various EEOC matters, and encouraging a more aggressive approach to returning excess capital to shareholders. In particular, CGI suggested implementing a Dutch Auction self-tender offer, which would likely permit the Issuer to return to shareholders as much as an additional $35 to $55 million in capital this quarter. CGI noted that, given the long-term prospects of the business and CGI's confidence in the ability of the Board to affect positive change, CGI and its affiliates would not tender their shares of Class A Common Stock in such a tender offer but there do appear to be other shareholders who would tender.

0.056-0.004(-7.24%)Dec 26 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.