Shares of Land’s End (LE) are up $1.19, or 10%, to $12.84 after Reuters reported that Authentic Brands and WHP have put in bids to acquire the company. On March 7, Lands’ End announced that its board of directors had initiated a process to explore strategic alternatives, including a sale, merger or similar transaction involving the company, to maximize shareholder value.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LE: