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Article: Polo Ralph Lauren Announces Tender Offer to Acquire Impact 21, its Japanese Men's, Women's and Jeans Apparel and Accessories Licensee.
- Article from:
- Business Wire
- Article date:
- April 13, 2007
CopyrightCOPYRIGHT 2007 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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Offer Supported by Impact 21 Board of Directors and Onward Kashiyama, Impact 21's largest shareholder
Also Announces Definitive Agreement to Acquire Remaining Stake in Polo Ralph Lauren Japan, its Master Licensee
NEW YORK -- Polo Ralph Lauren Corporation (NYSE: RL) today announced its intent to commence a tender offer to acquire the approximately 80 of the outstanding shares of Impact 21 Co., (TSE: 9944), its Japanese sub-licensee for men's, women's and jeans apparel, and accessories, that it does not currently own. The offer for 2,600 yen per share, (approximately $22 per share) in cash is supported by the Board of Impact 21 Co., and is also supported ...