Home / Knowledge / News / Apparel/Garments / Rue21 shareholders approve Apax Partners takeover
Rue21 shareholders approve Apax Partners takeover
Sep '13
rue21, inc., a leading specialty apparel retailer of girls and guys apparel and accessories, announced that, based on a preliminary vote tally from the special meeting of stockholders, rue21 stockholders have approved the previously announced merger agreement under which funds advised by Apax Partners will acquire the shares of rue21 for $42.00 per share in cash.

Approximately 99.7% of the shares voted at meeting in favor of the agreement, including 99.6% of shares voted by stockholders unaffiliated with the SKM II funds.

"We are pleased that our stockholders recognize the significant merits of this transaction," said Bob Fisch, President, Chief Executive Officer and Chairman of rue21.

"We look forward to completing the transaction quickly and to working with the Apax team toward achieving our long-term objectives as a leading growth specialty retailer."

The transaction is expected to close in early October 2013, at which time rue21 will cease to be traded on NASDAQ.

About rue21, inc.

rue21 is a leading specialty apparel retailer offering exclusive branded merchandise and the newest trends at a great value. rue21 currently operates 971 stores in 47 states.


Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search