Clinton Group considering offer for clothing retailer Wet Seal
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)