BUZZ - Children's Place shares plummet after bankruptcy filing and sale seeking

November 9 - ** The stock price of clothing retailer Children's Place (PLCE.O) plummeted 31.7% in pre-market trading to $0.22

** The company has filed for Chapter 11 bankruptcy protection with the United States Bankruptcy Court for the District of New Jersey (link)

** PLCE is advancing its sale plans but intends to maintain normal operations during this period

** Upon court approval, stores and e-commerce website will remain open and continue to serve customers — PLCE

** The company also plans to reach a new term loan agreement with its existing lenders

** As of the previous trading day’s close, the stock has fallen 91.9% so far this year

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