Loading...
Loading...
rue21, inc.
(“rue21” or the “Company”), a leading specialty
apparel retailer of girls and guys apparel and accessories, announced today
that it has filed its definitive proxy materials with the Securities and
Exchange Commission ("SEC") in connection with its proposed acquisition by
funds advised by Apax Partners. The definitive proxy materials will be mailed
to stockholders this week.
As previously announced on May 23, 2013, rue21, inc. entered into a definitive
agreement under which funds advised by Apax Partners will acquire all
outstanding shares of rue21 for $42.00 per share in cash.
A special meeting of rue21's stockholders to consider and vote on the
acquisition will be held on September 19, 2013 at 9:00 a.m. Eastern Time at
the Company's headquarters at 800 Commonwealth Drive, Warrendale, Pennsylvania
15086. rue21 stockholders of record as of the close of business on August 5,
2013 will be entitled to vote at the Special Meeting.
The SKM II funds, which collectively own approximately 30% of the outstanding
shares of rue21, have entered into a support agreement to vote their shares in
favor of the transaction with Apax. The transaction with Apax is subject to
approval by a majority of the rue21 stockholders unaffiliated with the SKM II
funds and certain other specified stockholders as well as other customary
closing conditions.
rue21 stockholders are encouraged to read the definitive proxy materials in
their entirety, as they provide important information regarding the
transaction.
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in