Perry Ellis ousted founder, executive chairman makes bid for the company: WSJ [MarketWatch]
PERRY ELLIS INTL (PERY)
Last perry ellis intl earnings: 8/30 06:45 am
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Source: MarketWatch
Perry Ellis ousted founder, executive chairman makes bid for the company: WSJ Shares of Perry Ellis International Inc. PERY, +2.48% jumped 12% late Tuesday after a Wall Street Journal report said founder George Feldenkreis has made a bid for the apparel company. Feldenkreis was ousted as Perry Ellis' executive chairman in September after founding the company's predecessor in the 1960s and leading Perry Ellis for 50 years. Feldenkreis sent a letter to its board Tuesday proposing a deal at $27.50 a share, or about $430 million, according to the report, citing people familiar with the matter. Shares of Perry Ellis had ended the regular session up 2.5%.
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