Small stocks shot up Wednesday to fly high above the sprightly broad market as names like Kellwood (KWD Quote) surged.
Shares were up 26% to $19.11 after private-investment firm Sun Capital offered to buy out the St. Louis outdoor-apparel maker for $21 a share in cash -- a 38.4% premium to Kellwood's Tuesday closing price.
Dress Barn (DBRN Quote), a women's-apparel retailer, said fiscal fourth-quarter income soared 37.1% year over year to 48 cents a share, or $33.6 million, as same-store sales gained 5% and total revenue climbed 10.7% to $379.9 million. Analysts surveyed by Thomson Financial were seeking 42 cents a share on $376.9 million in sales. In addition, the Suffern, N.Y., company pegged its fiscal 2008 profit above consensus. ...
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