By  on July 11, 2018

Perry Ellis International Inc. revealed the terms of its buyout deal with founder George Feldenkreis in a Securities and Exchange Commission filing Wednesday morning.

The filing also reiterated that Perry Ellis, having received a competing offer from Randa Accessories Leather Goods, is sticking to its plan to move ahead with the planned merger.  Separately, Perry Ellis said it was filing a preliminary Proxy Statement with the SEC, all of which is connected to a special meeting of shareholders to vote on the proposed merger. The deal needs to be approved by a majority of disinterested shareholders — those not connected to Feldenkreis.

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