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Article: HAGGAR CORP. SOLD FOR $212 MILLION; PRIVATE EQUITY FIRMS TEAM UP TO PURCHASE DALLAS-BASED SLACKS MANUFACTURER.(Infinity Associates L.L.C., Perseus L.L.C. and Symphony Holdings Ltd.)
- Article from:
- Daily News Record
- Article date:
- September 5, 2005
- Author:
CopyrightCOPYRIGHT 2005 Conde Nast Publications, Inc. 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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Byline: Amy S. Choi
NEW YORK -- Haggar Corp., one of the country's largest manufacturers of casual slacks, said it would be acquired by a partnership of private equity firms Infinity Associates LLC, Perseus LLC and Symphony Holdings Ltd. for $212 million.
Dallas-based Haggar, which makes men's tailored clothing and sportswear, and holds the exclusive licenses in the U.S. for Claiborne, Kenneth Cole New York and Kenneth Cole Reaction trademarks for men's pants, unanimously approved the merger agreement and has recommended that the stockholders vote for the deal. Shareholders will receive $29 in cash for each share they hold. The deal is expected to ...