By  on June 16, 2018

Perry Ellis International, whose special committee said last month that it would “not be rushed” into a deal, entered into a $437 million transaction to go private via acquisition led by founder George Feldenkreis.

Perry Ellis shareholders will get an over 21 percent premium on the value of the stock in cash, according to the company. The board approved the deal after the special committee unanimously signed off on it.

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