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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Perry Ellis International Inc (NASDAQ: PERY) acted responsibly on behalf of investors’ profitability in the planned sale to George Feldenkreis, the Company’s founder and a member of the Board of Directors.
On June 18, 2018, Perry Ellis International Inc (NASDAQ: PERY) and George Feldenkreis announced that they had entered into a merger agreement. Under the terms of the merger agreement, shareholders of Perry Ellis will receive $27.50 in cash for each share of Perry Ellis common stock.
Based in Miami, Florida, and founded in 1967 Perry Ellis International Inc designs, sources, markets, and licenses apparel products, accessories, and fragrances.
The investigation is looking to uncover whether Perry Ellis International Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $29.00 per share.
If you purchased Perry Ellis International Inc (NASDAQ: PERY) prior to June 18, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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