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Tarrant shareholders approve merger agreement
21 Aug '09
1 min read
Tarrant Apparel Group, a design and sourcing company for private label and private brand casual apparel, announced that its shareholders approved the agreement and plan of merger, dated February 26, 2009, as subsequently amended on June 26, 2009, among Tarrant, Sunrise Acquisition Company, LLC, Sunrise Merger Company, and Gerard Guez and Todd Kay.
The merger agreement was approved at a special meeting of Tarrant's shareholders, with more than 74% of Tarrant's outstanding shares voting in favor of the merger agreement.
Tarrant expects that the merger contemplated by the merger agreement will be completed as promptly as reasonably practicable. Under the terms of the merger agreement, all of the outstanding shares of common stock of Tarrant, other than shares held by Sunrise Acquisition Company, LLC and Messrs. Guez and Kay, will be acquired for $0.85 per share in cash.
The merger agreement was approved at a special meeting of Tarrant's shareholders, with more than 74% of Tarrant's outstanding shares voting in favor of the merger agreement.
Tarrant expects that the merger contemplated by the merger agreement will be completed as promptly as reasonably practicable. Under the terms of the merger agreement, all of the outstanding shares of common stock of Tarrant, other than shares held by Sunrise Acquisition Company, LLC and Messrs. Guez and Kay, will be acquired for $0.85 per share in cash.
Tarrant Apparel Group
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