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BIG - Big Lots surges after holder Mill Road pushes for sale of the retailer
Big Lots Inc.
Big Lots (NYSE:BIG) rose 15% after holder Mill Road Capital urged the retailer to hire an adviser to pursue a sale. Mill Road, which owns a 5.1% stake, believes the company could be worth $55 to $70/share in a potential sale, according to a letter in a 13D filing. Developing story ...