By Stephen NakrosisShares of apparel retailer Express have fallen to all-time lows in after-hours trading, following a Wall Street Journal report the company is preparing for a debt restructuring which may include filing for bankruptcy. The report, citing "people knowledge of the matter," said restructuring adviser M3 and law firm Kirkland & Ellis were hired to assist with the matter. According to the report, a representative for M3 declined to comment and representatives for Express and Kirkland & Ellis didn't immediately respond to requests seeking comment. In late-trading Monday, the company's shares shed 20% to trade at $2.98 per share. Write to Stephen Nakrosis at stephen.nakrosis@wsj.com(END) Dow Jones NewswiresFebruary 12, 2024 18:40 ET (23:40 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal February 12, 2024 23:49 UTC