Children's Place Former CEO Considering Bid for Company

News

New York City Ezra Dabah, the former CEO of Children's Place Retail Stores Inc., said on Thursday he was confident he could make a bid to buy the company for $24 a share, sending its shares up 18% in pre-market trading.

Dabah said he had received interest from private equity firm Golden Gate Capital to be a participant in the deal.

Dabah resigned as CEO last September after an internal probe found he did not comply with the company's securities-trading policies.

The SEC filing comes the same day that Children's Place said its sales at stores open at least a year rose a better-than-expected 6% in January. Wall Street on average had been expecting a same-store sales gain of 2.5%, according to Reuters Estimates. Same-store sales rose 9% at the Children's Place brand and 2% at the company's Disney Store chain.

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