French children's-clothing retailer Orchestra-Prémaman - which made an offer to acquire Destination Maternity in October 2015, then entered into a later-terminated merger agreement in December 2016 - had sought the board's resignation. Orchestra owns 1,921,820 shares, or 13.8 percent, of Destination's stock.
Investor activist Tim Stabosz holds 3 percent of Destination Maternity. "I'm a material shareholder, so I'm glad to see the company is exploring other options" including a sale of the company, he said. "I'd like to see Destination Maternity sold at a price of at least $3.00 a share or higher," said Stabosz. A private equity fund or another retailer might buy Destination Maternity, he said, saying the company was a bargain at its current $33 million market cap, or about $2.30 a share.
As you ponder your next chapter, here's a question to ask yourself: Are you a joiner or a builder?
"There's still more than $2 trillion in cash not invested - and that's just in money market funds," Leo Grohowski said. The BNY Mellon CIO noted a lot of investors sitting on the sidelines. "Each time there's a correction of even a few percent, more of that money comes rushing back into stocks."
REAPTalk members meet every week to hear one another's research and lectures, stimulating their senior brains to learn about a topic that's brand new.
For the clothing retailer, a proxy fight is just the latest battle it is waging. Industry challenges include the public's switch to online shopping and the closing of mall stores like Macy's and Kohl's that house Destination Maternity departments.
The lawsuit, filed in U.S. District Court for the Middle District of Pennsylvania, may affect hundreds of thousands of Pennsylvanians, including anyone who received private student loans from Sallie Mae or who had federal or private student loans serviced by Navient.
The co-hosts of MSNBC's "Morning Joe" slipped into the city to meet with the CEO and select employees of Independence Blue Cross, in a workshop timed to coincide with the start of Brzezinski's "Know Your Value" tour.
In this age of Twitter politics and presidential company-shaming, which political candidates and issues do those firms and others support with contributions?
Philadelphia's elder communities will mark the anniversary with a live telecast Monday, Sept. 25, at the Parkway Central Library, featuring the physician and best-selling author .
The Consumer Financial Protection Bureau also fined the National Collegiate Student Loan Trusts, for which Transworld acted as debt collector, at least $19 million in connection with illegal lawsuits.
Erin Arvedlund writes a weekly column for the Inquirer on investing and personal finance. Her first book was Too Good to Be True: The Rise and Fall of Bernie Madoff (Penguin).