February 8, 2008
The Children's Place Retail Stores Inc issued the following statement:
The Children's Place Retail Stores Inc confirmed that on February 6, 2008 its Board of Directors received a letter from the Company's former Chief Executive Officer indicating his interest in considering the possibility of making an offer to acquire the Company.
As previously announced in October 2007, The Company's Board of Directors engaged Lehman Brothers to act as its financial advisor in undertaking a review of the Company's strategic alternatives to improve operations and enhance shareholder value.
The Children's Place Retail Stores Inc is a leading specialty retailer of children's merchandise. The Company designs, contracts to manufacture and sells high-quality, value-priced merchandise under the proprietary "The Children's Place" and licensed "Disney Store" brand names.
The Children's Place Retail Stores Inc
Source @ Fibre2fashion
