Perry Ellis International Confirms Receipt of Unsolicited Proposal from George Feldenkreis
February 07 2018 - 7:00AM
Business Wire
Perry Ellis International (NASDAQ:PERY) (“Perry Ellis” or the
“Company”) today confirmed that it has received an unsolicited,
conditional proposal from George Feldenkreis addressed to the Board
of Directors to acquire the Company for $27.50 per share in cash
(the “Proposal”).
The Non-Executive Chairman of the Board of Directors intends to
recommend that the Board form a special committee (the “Special
Committee”) of its non-executive, independent directors to,
consistent with its fiduciary duties and in consultation with its
financial and legal advisors, carefully review and evaluate the
Proposal and determine the course of action that it believes is in
the best interest of the Company’s shareholders. Perry Ellis
shareholders do not need to take any action at this time.
About Perry Ellis International
Perry Ellis International, Inc. is a leading designer,
distributor and licensor of a broad line of high quality men's and
women's apparel, accessories and fragrances. The Company's
collection of dress and casual shirts, golf sportswear, sweaters,
dress pants, casual pants and shorts, jeans wear, active wear,
dresses and men's and women's swimwear is available through all
major levels of retail distribution. The Company, through its
wholly owned subsidiaries, owns a portfolio of nationally and
internationally recognized brands, including: Perry Ellis®, An
Original Penguin® by Munsingwear®, Laundry by Shelli Segal®,
Rafaella®, Cubavera®, Ben Hogan®, Savane®, Grand Slam®, John
Henry®, Manhattan®, Axist®, Jantzen® and Farah®. The Company
enhances its roster of brands by licensing trademarks from third
parties, including: Nike® and Jag® for swimwear, and Callaway®, PGA
TOUR®, Jack Nicklaus® for golf apparel and Guy Harvey® for
performance fishing and resort wear. Additional information on the
Company is available at http://www.pery.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180207005405/en/
Joele Frank, Wilkinson Brimmer KatcherEd Trissel / Adam Pollack
/ Jeffrey Kauth+1 212-355-4449
Perry Ellis International Inc. (delisted) (NASDAQ:PERY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Perry Ellis International Inc. (delisted) (NASDAQ:PERY)
Historical Stock Chart
From Jul 2023 to Jul 2024