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Clinton Group considering offer for clothing retailer Wet Seal

Wednesday, 18 Dec 2013 | 10:19 AM ET

Dec 18 (Reuters) - Activist hedge fund Clinton Group said it was exploring financing options for a possible takeover of women's apparel retailer Wet Seal Inc.

Clinton Group had a 7.78 percent stake in Wet Seal as of Dec. 17, the company said in a regulatory filing on Wednesday. (http://r.reuters.com/tyn55v)

Wet Seal's shares rose as much as 6 percent to $2.77 on the Nasdaq in early trading.

(Reporting by Maria Ajit Thomas in Bangalore; Editing by Sriraj Kalluvila)

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