Home / Knowledge / News / Apparel/Garments / Charlotte Russe announces final results of Dutch Auction offer
Charlotte Russe announces final results of Dutch Auction offer
09
Apr '08
Charlotte Russe Holding Inc, a growing mall-based specialty retailer of fashionable, value-priced apparel and accessories targeting young women in their teens and twenties, announced the final results of its previously announced modified "Dutch Auction" tender offer, which expired at 5:00 P.M., New York City Time, on Wednesday, April 2, 2008.

The Company has accepted for purchase 4,080,000 shares in the tender offer, at a price of $18.00 per share, for a total cost of $73,440,000, excluding fees and expenses related to the tender offer.

Based on the depositary's final count, a total of 9,066,617 shares were validly tendered in the offer at a price of $18.00 per share. Accordingly, the final proration factor for the offer will be 45.0 percent. The 4,080,000 shares to be purchased in the tender offer represent 16.3 percent of the shares outstanding on April 2, 2008.

The shares to be purchased in the tender offer include the 4,000,000 shares the Company initially offered to purchase and 80,000 additional shares that the Company has elected to purchase pursuant to the terms of its tender offer.

Payment for the shares accepted for purchase, and return of all other shares tendered and not purchased, will be made promptly by the depositary.

Charlotte Russe Holding Inc


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

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

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Lynda Kelly
Suominen Corporation

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Robert Brunner
Devereux

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search