View Post

Aria Challenges Christopher & Banks on Rejected Takeover Bid

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Boston—Aria Partners, the hedge fund which made a $64.2 million bid for Christopher & Banks, came out swinging Wednesday after the retailer’s board rejected the offer. Besides turning down the offer last week saying its “current merchandising and marketing strategies have brought stability to and energized the organization,” Christopher & …

View Post

Christopher & Banks Rejects Takeover Bid, Adopts Poison Pill

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Plymouth, MN—Responding to an unsolicited $64.2 million takeover bid from Aria Partners, Christopher & Banks’ board of directors today rejected the offer, saying it isn’t in the best interests of the company. Instead, the board reiterated its supported for a turnaround strategy and its “current merchandising and marketing strategies have …