Suitor presses case to buy Perry Ellis

The Perry Ellis board needs to paintings on its math. The Brand New York company seeking to take the attire company personal mentioned its $28 a percentage offer is clearly “superior” to a rival bid from the company’s founder — however used to be nevertheless deemed “inadequate.” “we’re assured that your shareholders will conclude that $28.00 in keeping with proportion is awesome to $27.50 according to proportion, and thus that our concept is in fact a fantastic idea,” Jeffrey Spiegel, chief government of Randa Equipment said in a letter to…

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