By  on May 24, 2018

The Perry Ellis International Inc.’s Special Committee essentially said it’s not going to be pushed into making a decision it is not ready to make, and none has been made yet on the offer made by former chairman George Feldenkreis in connection with his bid to buy the company.

The response was directed to a letter Feldenkreis sent on Wednesday indicating that he wanted the parties to agree to a specific time frame for when negotiations would conclude and a decision made. He proposed May 29, after which he could withdraw his offer. Feldenkreis also noted that the process has been extended to almost four months. He also said that he has negotiated with the Committee in good faith, but that the same courtesy has not been shown to him.

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