- Following news that Martha Stewart Living Omnimedia (MSO +0.5%) may be listening to five bidders for the company, activist shareholder Plymouth Lane Capital management disclosed a 10.9% stake in the company and that it would encourage a "timely, proactive and robust marketing process" in order to gather acquisition offers during the go-shop period.
- MSO stock is trading today at $6.42, above the $6.15/share offer from Sequential Brands (SQBG -0.3%).
- The go-shop period was reportedly added to the two companies' agreement after Sequential CEO Yehuda Shmidman leaked deal details early. Now interest is reported from competing bidders, including Iconix (NASDAQ:ICON), Meredith (NYSE:MDP), Global Brands and Authentic Brands.
- MSO chief Martha Setewart owns nearly 49% of the company's class A shares.
- Schedule 13-D