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financial

Sun Urges Kellwood Shareholders To Take $21 Offer While They Can

A week before its $762 million tender offer expires, Sun Capital Securities Group LLC told Kellwood Co. shareholders Wednesday that "tendering is the only...

Sun Capital invests in companies it considers undermanaged. After acquiring companies, Sun leverages its operational capabilities to streamline areas including sourcing and supply chain management — dramatic cuts that are easier to make as a private company without Wall Street scrutiny — so that a vendor like Kellwood could be made more profitable even if sales stayed flat.

Kellwood and Sun Capital declined comment.

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