Acquisition of Haggar Corp. Completed
November 01 2005 - 3:13PM
PR Newswire (US)
DALLAS, Nov. 1 /PRNewswire-FirstCall/ -- Haggar Corp. (NASDAQ:HGGR)
announced today the completion of the previously announced
acquisition of Haggar by an investor group led by Infinity
Associates LLC. Under the terms of the transaction, Haggar
stockholders will receive $29 per share in cash, without interest,
for an aggregate purchase price of approximately $212 million.
Haggar stock will cease trading on The Nasdaq National Market at
market close today, and will be delisted. As soon as practicable, a
paying agent will send information to all Haggar stockholders of
record, explaining how they can surrender Haggar stock in exchange
for $29 per share in cash, without interest. Stockholders of record
should await this information before surrendering their shares.
Stockholders who hold shares through a bank or broker will not have
to take any action to have their shares converted into cash, since
these conversions will be handled by the bank or broker. Haggar
Clothing Co., a wholly-owned subsidiary of Haggar Corp., is a
leading marketer of men's casual and dress apparel and women's
sportswear, with global headquarters in Dallas, TX. Haggar markets
in the United States, Canada, Mexico, and the United Kingdom.
Haggar also holds exclusive licenses in the United States to use
the Claiborne(R) trademark, Kenneth Cole New York(R), and Kenneth
Cole Reaction(R) trademarks to manufacture, market, and sell men's
shorts and pants in men's classification pant departments. For more
information visit the Haggar website at http://www.haggar.com/ .
Infinity Associates LLC is an investment company specializing in
the acquisition of leading brands in the consumer soft goods
industry. Infinity's principals have many years of hands on
experience adding value to companies in the areas of strategic
visioning, product design, customer relations, marketing, sourcing
and organizational efficiency. DATASOURCE: Haggar Corp. CONTACT:
John W. Feray, Senior Vice President of Finance, Chief Accounting
Officer of Haggar Corp., +1-214-956-4511, or fax, +1-214-956-4239
Web site: http://www.haggar.com/
Copyright
Haggar (NASDAQ:HGGR)
Historical Stock Chart
From May 2024 to Jun 2024
Haggar (NASDAQ:HGGR)
Historical Stock Chart
From Jun 2023 to Jun 2024