By  on February 6, 2018

George Feldenkreis has offered to take the company he founded, Perry Ellis International Inc., private in a $430 million deal.

Sources with knowledge of the proposal said the offer is at a per-share price of $27.50, representing a 22 percent premium to the stock close of $22.62 on Monday. Shares of the company rose 10.7 percent to $25.65 in after-hours trading Tuesday.

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