PICKERINGTON, Ohio,
Dec. 16, 2013 /PRNewswire/ -- R.G.
Barry Corporation (Nasdaq: DFZ), today reported that it
has entered into a Non-Disclosure and Standstill Agreement with
Mill Road Capital Management LLC (Mill Road). This follows
the decision of the R.G. Barry Board of Directors to proceed with
the due diligence request of Mill Road for its previously announced
unsolicited and non-binding proposal to acquire the
Company.
The Board of Directors cautions the Company's shareholders that
the Board has not made any decision with respect to the Mill Road
proposal and there can be no assurance that any definitive offer
will be made, that any definitive agreement will be executed or
that the proposed transaction or any other transaction will be
approved or consummated.
The Company does not undertake any obligation to provide any
updates with respect to the matters that are the subject of this
press release, except as required under applicable law.
R.G. Barry is being advised by
Peter J. Solomon Company, L.P. and Vorys, Sater, Seymour and Pease
LLP.
Cautionary Statement concerning Forward Looking
Statements
Statements in this press release that are not
descriptions of historical facts may be "forward-looking"
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will", "should", "expects", "anticipates", "future", "intends",
"plans", "projects", "predicts", "believes", "estimates",
"forecasts", "may" and similar statements. The Company may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission, in its
annual report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about the Company's beliefs and
expectations, are forward-looking statements. Forward-looking
statements, by their nature, involve risks, uncertainties and other
factors that could cause actual results to differ materially from
those contained in any such statements. Potential risks and
uncertainties include, but are not limited to, risks discussed in
the Company's filings with the U.S. Securities and Exchange
Commission at www.sec.gov. The Company does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law.
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