LE News & Events

Latest data shows the largest indicative borrow rate increases among liquid option names include: Banco Bradesco (BBD) 9.07% +8.37, Cracker Barrel (CBRL) 6.90% +2.75, Lands End (LE) 4.07% +2.12, ProShares UltraShort Silver (ZSL) 64.49% +1.88, Market Vectors BDC Income (BIZD) 28.56% +1.49, fuboTV (FUBO) 5.24% +1.05, Direxion S&P Biotech Bull 3X (LABU) 21.39% +0.97, ISHARES BITCOIN TRUST ETF (IBIT) 1.23% +0.85, Direxion Daily Smal Cap Bull 3X Shares (TNA) 8.01% +0.78, and VisionWave Holdings Inc (VWAV) 66.81% +0.46.

Latest data shows the largest indicative borrow rate increases among liquid option names include: Lands End (LE) 4.08% +3.37, Hertz Global Holdings (HTZ) 7.33% +2.21, SPDR S&P Insurance (KIE) 6.72% +1.76, Upexi (UPXI) 28.77% +1.58, 2X LONG VIX FUTURES ETF (UVIX) 20.18% +1.43, Defiance 1.75x MSTR ETF (MSTX) 37.70% +1.30, Market Vectors BDC Income (BIZD) 8.22% +1.28, Euronav NV (CMBT) 1.73% +0.99, TSLR ETF (TSLR) 6.99% +0.55, and Direxion Daily Small Cap Bear 3X Shares (TZA) 13.61% +0.51.

Lands' End and WHP Global today announced the successful creation of their joint venture. Lands' End contributed all intellectual property associated with the Lands' End brand to the JV and received $300M in cash from WHP Global for a 50% controlling interest. The company said it has used the majority of the proceeds to fully repay its $234M term loan. WHP Global also completed a tender offer for approximately $100M of Lands' End shares at $45.00 per share. Following the tender offer, WHP Global owns approximately 7% of Lands' End's outstanding shares of common stock.

Lands' End announced that its board of directors has authorized the repurchase of up to $100M of the company's common stock from April 1 through March 31, 2029. Under the program, the company may purchase its shares from time to time in the open market, in privately negotiated transactions, or by other means in accordance with federal securities laws.