February 7, 2018 / 11:37 AM / 17 days ago

Ousted chairman Feldenkreis offers to take Perry Ellis private

Feb 7 (Reuters) - George Feldenkreis, the ousted chairman of Perry Ellis International Inc, on Wednesday announced an offer to buy the clothing company for $430 million.

Feldenkreis offered $27.50 per Perry Ellis share to take the company private, according to a regulatory filing.

The offer price represents an 18.6 percent premium to the stock’s Tuesday closing price. (Reporting by Sangameswaran S in Bengaluru; Editing by Sai Sachin Ravikumar)

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