The Children’s Place Inc. has received notice from Snowball Compounding Ltd. and parties related to Saudi investment firm Mithaq Capital that they have built a 54% stake in the company and plan to nominate 11 people for election to the board at the 2024 annual shareholder meeting.
The news revealed early Thursday sent the stock PLCE of the troubled retailer up more than 13% in premarket trade.
But…
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