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Entries tagged "Syms"Crabtree & Evelyn begins bankruptcy processCrabtree & Evelyn joins a string of other U.S.-based retailers in filing for bankruptcy. In bankruptcy auctions, do-overs pay offIs one auction no longer enough? It certainly seems that way in the bankruptcy cases of Foamex and Filene's Basement. Street, Deal Stocks start second half upWhile one might not necessarily categorize the 32.25 point gain in the Dow Jones Industrial Average to 11,382.26 on Tuesday as overwhelmingly bullish, it was gain nonetheless -- and in the face of another oil jump of nearly $1 per barrel.... Hedge funds shop for change at SymsExpect a wide variety of institutional and hedge fund investors to back an activist investor campaign at New York discount retailer Syms Corp. ... Dealwatch: Activist investors' retail campaignsTimes are tough for retailers, and activist investors are at the ready lobbying for moves to boost shareholder value including: sale-leaseback deals to raise cash to return to shareholders; shuttering underperforming stores; board shakeups; selling a company entirely; or thwarting sale plans that undervalue assets. ... Battered home lenders relatively unscathed by paltry housing newsInvestors in battered home lenders Countrywide Financial Corp. and Washington Mutual Inc. did not pick up and run Tuesday despite adverse housing market conditions and a whopping loss taken by Countrywide. The Dow Jones Industrial Average slipped 39.81 points on Tuesday to close at 12,831.94, weighed down by news that the number of U.S. homes heading toward foreclosure in the first quarter skyrocketed 112% over the year-ago period.... Syms encounters the wrath of KahnNo Klingon's are involved, and the spelling is different, but esteemed value investor Tommy Kahn of the Kahn Brothers is taking matters into his own hands at New York discount retailer Syms Corp. ... Syms gives in to activist campaignActivist hedge fund managers invested in Syms Corp. have reason to celebrate. After pressing the Secaucus, N.J., discount retailer for several months to reconsider its decision to delist from the New York Stock Exchange, the company agreed late Tuesday to re-register its stock with the Securities and Exchange Commission and list on the Nasdaq stock exchange.... Hedge funds seek to block Syms deregistrationActivist investors Barington Capital Group LP and Esopus Creek Advisors LLC are attempting to block clothing retailer Syms Corp. from deregistering its shares. ... Mitarotonda takes on Dillard'sBarrington Capital Group LP founder James Mitarotonda knows a thing or two about fashion and apparel having once worked at Bloomingdale's flagship in Manhattan, so it comes as little surprise that his firm is targeting department store chain Dillard's Inc. ... Syms: An educated financier is not our best investorTwo activist investors on Tuesday stepped up their campaign to have Syms Corp., a New York discount clothing retailer, reconsider its decision to delist from the New York Stock Exchange. According to a statement, Barington Capital Group and Esopus Creek Advisors, who together own 9.8% of Syms, filed a lawsuit in the Superior Court of the State of New Jersey, alleging that Syms directors broke their fiduciary duty to investors by enabling the company to delist. The activist group also is demanding a copy of the company's shareholder list. ... Activists ask Syms to closet delisting planTwo activist investors on Wednesday launched a campaign to stop Syms Corp., a New York discount clothing retailer, to reconsider its decision to delist from the New York Stock Exchange. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Syms." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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