| Title: | Kellwood Co. (M&A Insight Note) |
| Price: | $100.00 |
| Publication Date: | Jan 17, 2008 |
| Company: | Kellwood Co. |
| Report Type: | M&A Insight Note |
| Brief Excerpt: | ...In a very rare move for a financial buyer, private equity firm Sun Capital on Tuesday launched a $## per share hostil e cash tender offer for the ##% of clothing maker Kellwood (KWD) it does not already own. Si nce Sept. ##, Kellwood has resisted Sun s advances, arguing $## falls short of the compa ny s intrinsic value. Sun has paired its hostile offer with a threat of a proxy fight at Kellwood s next annual meeting (expected to be held in June), a fairly typical strategy for a hostile bidder. Kellwood now has ten days to respond to the unsolicited offer with a ##D-# filing. ... |
| Word Count: | 1442 |
| Length: | 3 Pages |
| Ticker: | KWD |
| Related Report(s): | - Kellwood Co. (Corporate Governance Quotient (CGQ)): $250.00
...The board is controlled by a supermajority of independent outsiders (independent outsiders greater than ##%) The nominating committee is comprised solely of independent outside directors The compensation committee is comprised solely of independent outside directors The company has a committee that oversees governance issues and the committee met in the past year There are between nine and ## directors serving on the board Shareholders have cumulative voting rights in director elections The CEO serves on the boards of two or fewer other companies No former CEO of the company serves on the board The company has governance guidelines that have been publicly disclosed on company website The performance of the board is reviewed regularly Outside directors meet without the CEO present and the number of meetings of the outside directors is specified A board approved CEO succession plan is in place Board members have express authority to retain outside advisors ...
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