The special committee of the Perry Ellis International Inc. board on Thursday reaffirmed its intent to recommend that shareholders vote in favor of the $437 million offer from George Feldenkreis to take the company private, rejecting a $444 million offer for the company made by Randa Accessories Leather Goods LLC.
The reaffirmation confirms a WWD story Tuesday night that the company was electing to stick with its earlier commitment. That article also noted that Randa’s public disclosure of its offer on Tuesday was the proverbial “second bite at the apple” for the company, since a story last month said there had been a men’s accessories firm in discussions with the special committee while it was evaluating the Feldenkreis deal. Randa executives declined to comment on Thursday, but the special committee confirmed that the accessories firm was indeed Randa.
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Photographed by Kuba Dabrowski/WWD
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