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Stock Market & Financial Investment News

News Breaks
November 26, 2012
16:49 EDTPLCEChildren's Place authorizes $100M share repurchase program
The Children's Place Retail Stores announced that its board has approved an additional share repurchase program for up to $100M of the company's outstanding stock. As previously reported at the end of Q3, the company had approximately $21.6M remaining of the $50M share repurchase program which was authorized by the board in March.
News For PLCE From The Last 14 Days
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May 22, 2015
10:25 EDTPLCEChildren's Place reaches settlement agreement with Macellum and Barington
Children's Place, Macellum and Barington jointly announced today that they have reached an agreement to resolve their proxy contest, under which The Children’s Place will appoint Macellum and Barington nominee Robert Mettler as a new independent member of its board immediately following the company’s 2015 Annual Meeting of Stockholders. The board also has committed to appoint an additional, mutually agreeable independent Director to the board. Macellum and Barington have agreed to withdraw both of their nominees from consideration at the Annual Meeting and to vote their proxy cards as solicited other than for the two withdrawn nominees. Under the agreement, the company has agreed to reimburse Macellum and Barington for up to $500,000 of out-of-pocket expenses.
May 20, 2015
16:03 EDTPLCEShareholders for Change at Children's Place respond to Children's Place
Shareholders for Change at The Children's Place, a group led by Macellum Advisors GP, and Barington Capital Group, who collectively beneficially own approximately 2.1% of the outstanding shares of Children's Place, has issued the following statement regarding certain false and misleading statements released by the company: We believe the company and its representatives are once again trying to mislead investors. The recent statement that we rejected a settlement from Children's Place is completely false, demonstrating once again in our opinion that the board is not acting in the best interests of Children's Place shareholders. Last night, representatives of Shareholders for Change at The Children's Place participated in good faith to negotiate a potential settlement with two Board members of the company. The two board members suggested that the company would be willing to add our nominee Robert L. Mettler to the board, as well as to begin a process to identify an additional, mutually agreeable independent director to appoint to the board. The board members then stated, however, that it might take up to a year to find such a mutually agreeable candidate and that they were unwilling to speak with our nominee Seth Johnson to determine whether he would be mutually agreeable. After further discussion, the parties agreed to continue the settlement discussions today. Without any further notice, and to our great surprise, the company issued a press release falsely stating that we had rejected their proposal. We believe this statement is a deliberate attempt to mislead shareholders to sway votes just days before the Annual Meeting. We believe such actions are egregious and are the hallmarks of a poorly governed Board desperately clinging to power. We stand by our commitment to continue our discussion with the company to reach a mutually agreeable settlement, but one that is in the best interests of all shareholders of the company, and which addresses the serious issues that we have raised throughout this contest.
11:15 EDTPLCEChildren's Place issues statement regarding Macellum and Barington
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May 14, 2015
07:16 EDTPLCEChildren's Place sees FY15 adjusted EPS $3.30-$3.45, consensus $3.44
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07:14 EDTPLCEChildren's Place sees Q2 adjusted EPS (36c)-(32c), consensus (34c)
Sees Q2 comparable retail sales up approximately 1%.
07:13 EDTPLCEChildren's Place reports Q1 adjusted EPS 83c, consensus 82c
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May 13, 2015
17:19 EDTPLCEGlass Lewis affirms need for change on Children's Place board
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15:05 EDTPLCENotable companies reporting before tomorrow's open
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May 12, 2015
16:04 EDTPLCEChildren's Place recommends holders support its independent director nominees
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May 11, 2015
18:25 EDTPLCEISS recommends Children's Place holders vote 'FOR' nominees Mettler, Johnson
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07:02 EDTPLCEChildren's Place comments on ISS recommendation
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