RG Barry Board Forms Committee to Review Offer
October 24 2013 - 8:00AM
PR Newswire (US)
PICKERINGTON, Ohio,
Oct. 24, 2013 /PRNewswire/
-- R. G. Barry Corporation (Nasdaq: DFZ) today
announced that its Board of Directors has formed a committee of
independent directors to review and evaluate a previously-announced
unsolicited, non-binding acquisition proposal from Mill Road
Capital Management LLC and its affiliated funds.
The committee has retained Peter J. Solomon Company, L.P. to
assist it in evaluating the proposal. The committee intends to
evaluate the proposal in a timely manner. The Company does
not intend to comment upon or provide further updates regarding
these matters until the evaluation of the Mill Road proposal has
been completed, and the Board has decided on its response to the
proposal.
About RG Barry
RG Barry develops accessories brands
that provide fashionable, solution-oriented products for a great
life. Our primary brands include: Dearfoams slippers dearfoams.com;
baggallini handbags, totes and travel accessories baggallini.com;
and Foot Petals premium insoles and comfort products
footpetals.com. To learn more, visit us at rgbarry.com.
SOURCE R. G. Barry Corporation
Copyright 2013 PR Newswire
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