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Everlast Worldwide announces filing of definitive proxy materials
20 Aug '07
3 min read
Everlast Worldwide Inc announced that, on August 16, 2007, it filed with the Securities and Exchange Commission definitive proxy materials in connection with the Company's pending merger with Brands Holdings Limited.
The mailing of such proxy materials to shareholders is expected to begin Monday August 20, 2007. Under the terms of the amended merger agreement with Brands Holdings, as previously announced on June 29, 2007, Brands Holdings will acquire all of the outstanding shares of Everlast Worldwide Inc common stock for $33.00 per share in cash.
A special meeting of the Company's shareholders, to consider and vote upon the proposed merger, has been scheduled for September 19, 2007, at 10:00 a.m. ET, at the Millennium Broadway Hotel, in Room 311. The Millennium Broadway Hotel is located at 145 West 44th Street, New York, New York 10036.
The Company's shareholders of record as of the close of business on July 26, 2007 will be entitled to vote at the special meeting.
The Company's Board of Directors, has unanimously approved the Brands Holdings transaction, has determined that it is advisable and fair to and in the best interests of the Company and its stockholders and recommends that the Company's shareholders vote "FOR" the approval of the Brands Holdings merger agreement and the merger.
Shareholders are encouraged to read the Company's definitive proxy materials in their entirety, as they provide, among other things, a detailed discussion of the process that led to the proposed merger and the reasons behind the Board of Directors' recommendation that shareholders vote FOR the approval and adoption of the merger agreement.
The mailing of such proxy materials to shareholders is expected to begin Monday August 20, 2007. Under the terms of the amended merger agreement with Brands Holdings, as previously announced on June 29, 2007, Brands Holdings will acquire all of the outstanding shares of Everlast Worldwide Inc common stock for $33.00 per share in cash.
A special meeting of the Company's shareholders, to consider and vote upon the proposed merger, has been scheduled for September 19, 2007, at 10:00 a.m. ET, at the Millennium Broadway Hotel, in Room 311. The Millennium Broadway Hotel is located at 145 West 44th Street, New York, New York 10036.
The Company's shareholders of record as of the close of business on July 26, 2007 will be entitled to vote at the special meeting.
The Company's Board of Directors, has unanimously approved the Brands Holdings transaction, has determined that it is advisable and fair to and in the best interests of the Company and its stockholders and recommends that the Company's shareholders vote "FOR" the approval of the Brands Holdings merger agreement and the merger.
Shareholders are encouraged to read the Company's definitive proxy materials in their entirety, as they provide, among other things, a detailed discussion of the process that led to the proposed merger and the reasons behind the Board of Directors' recommendation that shareholders vote FOR the approval and adoption of the merger agreement.
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