UPDATE: Pumpkin Patch seeks proposals after approaches to buy, refinance company; shares gain

Thu, 19 Mar 2015

(Adds broker comment in fifth paragraph, updates shares throughout.) By Tina Morrison March 20 (BusinessDesk) - Pumpkin Patch, the children's clothing retailer whose shares have lost two-thirds of their value the past year, is seeking formal proposals after receiving approaches to buy or refinance the company. The shares rose 26 percent. The Auckland-based retailer, which today posted an improvement in first-half earnings, said "certain third parties have proactively indicated their interest in Pumpkin Patch" since the company announce...

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