Florida Man Buying Container Store Stock Is No Takeover Artist [BNN Bloomberg (Canada)]
Container Store (The) (TCS)
Last container store (the) earnings: 2/4 04:05 pm
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Source: BNN Bloomberg
A Florida investor was quietly snapping up the company's stock, buying so much that by Monday he disclosed owning a more than 18% stake — making him the second-biggest shareholder after Leonard Green & Partners, the Los Angeles private equity firm. The move set off alarms at The Container Store's headquarters: On Tuesday, the company announced that it enacted a so-called poison-pill provision, a method used to ward off unwanted takeovers by making them prohibitively expensive, after the “rapid and significant accumulation” of its shares by a single stockholder. But it turns out Amit Agarwal is no would-be Carl Icahn. He's a 41-year-old former patent litigator in St. Petersburg, Florida, who works out of the local Subway sandwich shop and likes placing big bets in the stock market and at the poker table. He's put down $8 million wagering there's solid potential in the financially struggling retailer — especially if a real buyout artist comes out of the woodwork. “There's a gem i
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News
- Theatro Ranked One of the Fastest-Growing Companies in North America on the 2024 Deloitte Technology Fast 500™PR Web
- Beyond, Inc. Provides Update to Its Investors Regarding Transaction with The Container Store Group, Inc. [Yahoo! Finance]Yahoo! Finance
- The Container Store Announces Global Licensing Partnership With Vacane Household Commodities Co., Ltd.Business Wire
- The Container Store to Open Miami Worldcenter LocationBusiness Wire
- The Container Store Continues to Bolster Everything Organizer™ Collection With the Everything Organizer™ Drop-Front Shoe BoxBusiness Wire
TCS
Earnings
- 10/29/24 - Miss
TCS
Sec Filings
- 11/21/24 - Form 8-K
- 11/15/24 - Form 8-K
- 10/31/24 - Form SC
- TCS's page on the SEC website