Former Children's Place CEO considers acquiring company

By Lisa Kerner

Charlotte, N.C., Oct. 15 - Children's Place Retail Stores, Inc. investors led by Ezra Dabah are concerned about the future of the company and a possible decline in shareholder value, according to a schedule 13D filing with the Securities and Exchange Commission.

As a result, the long-time stockholders are considering their alternatives with respect to their investment in Children's Place as well as "possible means to maximize shareholder value."

Dabah is the company's former chairman and chief executive officer and a current board member.

The reporting persons, in combination with others, are considering making an offer to acquire the company and seeking available financing alternatives. They have retained Bear, Stearns & Co. Inc.

In addition, Dabah and the reporting persons plan to "contact and discuss with other shareholders of the company their respective views regarding their investment in the company, the company's prospects and possible strategies to maximize shareholder value," the filing stated.

Dabah owns 5,179,310 shares, or 17.9%, of the Secaucus, N.J., specialty retailer.

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