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The Wet Seal Incorporated
Activist investor Clinton Group seeks to take Wet Seal private
Activist investor Clinton Group seeks to take Wet Seal private

Wet Seal Inc., the Foothill Ranch teen apparel retailer, is in the crosshairs of its activist investor Clinton Group Inc. The New York hedge fund said in a regulatory filing Wednesday that it is “exploring financing alternatives” to allow itself or one of its affiliates to buy up Wet Seal’s equity “in a ‘going private’ transaction.” Clinton also said in the filing that it had boosted its stake in the retailer to 8.1%. The hedge fund has targeted Wet Seal for more than a year, only abandoning its proxy fight with the company last fall when it replaced four Wet Seal board members with its own nominees. Wet Seal also swapped out Chief...

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