Pumpkin Patch says nothing certain after talk of approaches sends stock soaring

Sun, 22 Mar 2015

By Jonathan Underhill March 23 (BusinessDesk) - Pumpkin Patch, whose shares soared on Friday after the children's clothing retailer announced it was seeking proposals to acquire or refinance the company, said today that it was too soon to predict an outcome or what value any proposal would put on the company. The shares jumped 33 percent to a four-month high 28 cents on Friday after the retailer said it was seeking formal proposals after "certain third parties have proactively indicated their interest in Pumpkin Patch". The company, which...

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