Children's Place to buy out former CEO (Dealscape

Secaucus, N.J., retailer Children's Place Retail Stores Inc. announced late Wednesday its agreement to acquire half of the shares held by former CEO Ezra Dabah for about $71 million, ending a proxy fight dating to October 2007.

Deal terms call for Children's Place to acquire Dabah's 16.6% stake for $28.88 a share. Dabah's family previously owned 4.9 million shares. Children's Place will fund the acquisition out of a $75 million cash balance. The company agreed to register for a secondary offering of Dabah's remaining shares if he decides to sell them.

This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence.

Dig deeper, with Pipeline.

601 in-depth reports of M&A deals in the Retail sector
173 articles related to Children's Place
127 in-depth reports of Reorganization plans in the Retail sector
34 articles related to Ezra Dabah
10 years of news and analysis archives from the voice of The Deal Economy

Most searched keywords

Deutsche Bank
Birds Eye
Cadbury AG
Agrium Inc.
Skadden Arps
Revolution Money
Tandberg ASA
Aisling Capital
Ken Lewis
Natco

Forward-looking intelligence allows you time to act. View this video on our restructuring content to see how you can benefit from our expertise.
NOT A SUBSCRIBER? Children's Place to buy out former CEO Posted on July 30, 2009 5:33 PM Secaucus, N.J., retailer Children's Place Retail Stores Inc. announced late Wednesday its agreement to acquire half of the shares held by former CEO Ezra Dabah for about $71 million, ending a proxy fight dating to October 2007. Deal terms call for Children's Place to acquire Dabah's 16.6% stake for $28.88 a share. Dabah's family previously owned 4.9 million shares. Children's Place will fund the acquisition out of a $75 million cash balance. The company agreed to register for a secondary offering of Dabah's remaining shares if he decides to sell them. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 601 in-depth reports of M&A deals in the Retail sector 173 articles related to Children's Place 127 in-depth reports of Reorganization plans in the Retail sector 34 articles related to Ezra Dabah 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

Sales Contact Michael Crosby mcrosby@thedeal.com 212.313.9325	Media Contact Martha Brown mbrown@thedeal.com 212.313.9218
Signing in signifies that you agree to our terms and conditions. View our privacy policy.