Home / Knowledge / News / Apparel/Garments / Jones Group calls shareholders to vote on proposed merger
Jones Group calls shareholders to vote on proposed merger
04
Mar '14
The Jones Group Inc. announced that it has scheduled a special meeting of The Jones Group shareholders for April 7, 2014 at 2:00 p.m. Eastern Time, at the offices of Cravath, Swaine & Moore LLP at 825 Eighth Avenue, 38th Floor, New York, New York to consider and vote upon the previously announced agreement entered into with Sycamore Partners on December 19, 2013, pursuant to which, subject to the satisfaction of various conditions set forth therein, affiliates of Sycamore Partners will acquire The Jones Group for $15.00 per share in cash. 
 
The Jones Group shareholders of record as of the close of business on March 5, 2014 will be entitled to receive notice of, and vote at, the special meeting.
 
If the merger agreement is adopted at the special meeting, the Company expects the transaction to be completed in the second quarter of 2014, subject to the satisfaction of the other conditions set forth in the merger agreement.
 
Citigroup Global Markets, Inc. is acting as financial advisor to The Jones Group and Peter J. Solomon Company is acting as financial advisor to the Company's Board of Directors. Cravath, Swaine & Moore LLP is acting as legal advisor to The Jones Group and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to the independent directors of the Company's Board of Directors.
 
About The Jones Group Inc.
The Jones Group Inc. is a leading global designer, marketer and wholesaler of over 35 brands with product expertise in apparel, footwear, jeanswear, jewelry and handbags. The Jones Group has a reputation for innovation, excellence in product quality and value, operational execution and talent. 
 

The Jones Group

Must ReadView All

Apparel/Garments | On 29th Sep 2016

Outlook for Cambodia’s economy remains robust: ADB

Backed by 9.4 per cent growth in exports from the garment and...

Textiles | On 29th Sep 2016

Scientists developing artificial muscles from fibres

Scientists at the University of Texas at Dallas are in the process of ...

Apparel/Garments | On 29th Sep 2016

Q1FY17 sales up 8% at sports goods retailer Nike

For the three months ended August 31, 2016, sales at sports goods...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

Dharmendra Shah
Ozone PB Spintex Limited

Veronique Lee
Modavanti

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search