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Former Children's Place CEO May Bid for Company

Children's Place Retails Stores' former chief executive hired a financial adviser to help him weigh a potential bid for the children's apparel retailer, according to a filing Monday with the U.S. Securities and Exchange Commission.

Shares of the company were up more than 5 percent Monday.

Ezra Dabah, who resigned from the company in September, said in the filing that he hired Bear Stearns as his adviser to help him consider a bid for the company along with potential private equity and strategic partners.

Dabah, who holds a 17.9 percent stake in the company, also said he may consider nominating new members to the Children's Place board of directors.