Perry Ellis to go private in a 437 million dollars deal with founder George Feldenkreis

Perry Ellis International has entered into a 437 million dollars transaction to become a private company through an acquisition led by George Feldenkreis, Perry Ellis’ Founder and member of the company’s board of directors. Through this deal, he will acquire all of the outstanding common shares of Perry Ellis not already beneficially owned by the Feldenkreis family for 27.50 dollars per share in cash.