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-0.00244498777506099 -0.00244498777506099 -0.0366748166259169 -0.0660146699266503 -0.119804400977995 -0.122249388753056 -0.102933985330073 -0.100244498777506
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Lifetime Brands Board Unanimously Rejects Unsolicited Acquisition Proposal from Mill Road Capital Management LLC

LIFETIME BRANDS (LCUT)  More Company Research Source: Business Wire
US:NASDAQ Investor Relations: lifetimebrands.gcs-web.com/investor-relations
PDF GARDEN CITY, N.Y.--(BUSINESS WIRE)-- Lifetime Brands, Inc. (NasdaqGS:LCUT), a leading global provider of branded kitchenware, tableware and other products used in the home, today announced that its Board of Directors unanimously rejected an unsolicited and non-binding proposal from Mill Road Capital Management LLC to acquire all of the outstanding shares of Lifetime that it does not already own for a $20.00 per share price in cash. Lifetime’s Board of Directors, consistent with its fiduciary duties and in consultation with its financial and legal advisors, carefully and thoroughly reviewed Mill Road’s unsolicited and non-binding proposal and unanimously determined that pursuing it was not in the best interests of Lifetime’s stockholders. “We value the constructive relationship we have had with Mill Road since it first invested in Lifetime and appreciate its confidence in Lifetime’s value creation [Read more]

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