In a bit of a twist, Clinton Group says it won't push Wet Seal (WTSLA -1.2%) to sell itself...

|About: The Wet Seal, Inc. (WTSL)|By:, SA News Editor

In a bit of a twist, Clinton Group says it won't push Wet Seal (WTSLA -1.2%) to sell itself after it landed some of its candidates on the retailer's board. The firm would like to see Wet Seal hire a top-notch CEO and turn around its business before going down the path of taking bids. If all goes well, a $5-$8 sale price could eventually be struck.