Land’s End up 10% after Reuters report on competing bidders

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.