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Article: Perry Ellis and Salant Announce Exchange Ratio for Merger.
- Article from:
- Business Wire
- Article date:
- June 16, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors/Retail Writers
MIAMI--(BUSINESS WIRE)--June 16, 2003
Perry Ellis International, Inc. (Nasdaq:PERY) and Salant Corporation (OTCBB:SLNT) today announced that Perry Ellis has fixed the exchange ratio for its merger with Salant at 0.2056. The terms of the merger agreement dated February 3, 2003 by and among Perry Ellis, Salant and a newly formed subsidiary of Perry Ellis provided for the merger of Perry Ellis' subsidiary with and into Salant with Salant surviving as a direct, wholly owned subsidiary of Perry Ellis. In the merger, each outstanding share of Salant common stock, other than treasury shares and shares held by Salant's ...