Conns Inc. (Nasdaq: CONN) was 12% higher yesterday following a 13D filing from SF Holding, a collection of trusts controlling 50.1% of the company, which said they may consider a going private transaction in the form of the acquisition of all outstanding shares of Common Stock not currently owned.
From the filing:
The reporting persons regularly review, and evaluate strategies with respect to, their various investments, including their investment in the Issuer. As a consequence of such review, evaluation and other factors that the reporting persons deem relevant, they are presently considering various alternatives which may ultimately lead to one or more possible transactions with respect to their investment in the Issuer. In the course of such consideration, the reporting persons may discuss internally and with the Issuer, other shareholders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit and other investors, their holdings in the Issuer. Possible transactions may include the acquisition of additional shares or selected divestitures of shares of Common Stock of the Issuer, a going private transaction in the form of the acquisition of all outstanding shares of Common Stock not currently owned by the reporting persons, or another form of extraordinary transaction. In this regard, a representative of one of the reporting persons discussed the above-mentioned consideration of the idea of a possible going private transaction with a member of management of the Issuer.