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Article: Polo Ralph Lauren Announces Successful Completion of Tender Offer for Outstanding Shares of Impact 21, its Japanese Men's, Women's and Jeans Apparel and Accessories Licensee.
- Article from:
- Business Wire
- Article date:
- May 22, 2007
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NEW YORK & TOKYO -- Polo Ralph Lauren Corporation (NYSE: RL) today announced that it has successfully completed its previously announced public tender offer for 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 did not already own. This transaction is an important step for the future growth of Polo Ralph Lauren as it will enable the Company to better align its business in the important Japanese market with its overall global strategy.
The tender offer period expired on May 21, 2007, and upon settlement on May 29, 2007, Polo Ralph Lauren's ownership ...