By  on February 7, 2018

Perry Ellis International Inc. has confirmed receipt of an unsolicited buyout proposal from former chairman George Feldenkreis.

The proposal was sent on Tuesday to the company Feldenkreis founded. The buyout terms include a non-binding offer of $27.50 a share, with a proposed transaction value of $430 million. As first reported by WWD, Feldenkreis is partnering with Fortress Investment Group.

To continue reading this article...

load comments
blog comments powered by Disqus