The Kellwood Company received an unsolicited letter from Sun Capital Securities Group offering to acquire all of the company's outstanding shares at a price of $21 in cash per share. In the week prior to this offer, KWD shares had been trading in the $14 to $16 range. Kellwood’s share closed at $17.58 on Friday. The board of directors at Kellwood said it will carefully evaluate the Sun Capital proposal, in addition to any “other alternatives available to the company.”