Home / Knowledge / News / Fashion / Steven Madden to buy 2.6 mn shares of its common stock
Steven Madden to buy 2.6 mn shares of its common stock
26
Mar '08
Steven Madden Ltd, a leading designer, wholesaler and marketer of fashion footwear and accessories for women, men and children, announced the final results of its modified "Dutch Auction" tender offer, which expired at 12:00 midnight, New York City time on Tuesday, March 18, 2008.

Steven Madden Ltd has accepted for purchase 2,600,000 shares of common stock at a price of $17.00 per share, totaling $44.2 million. These shares represent approximately 12.9% of the shares outstanding. An aggregate of 3,227,534 shares of common stock were properly tendered and not withdrawn at a price of $17.00 or less per share.

Steven Madden Ltd will purchase 2,600,000 shares, resulting in a proration factor of approximately 80.6% of the shares tendered, other than the "odd lot" shares properly tendered at the $17.00 purchase price, which will be purchased prior to proration.

The depositary will promptly pay for the shares accepted for purchase. With completion of the tender offer, Steven Madden, Ltd. now has approximately 17.6 million shares of common stock outstanding.

The information agent for the tender offer is D.F. King & Co Inc and the depositary is American Stock Transfer & Trust Company. Shareholders and investors who have questions or need information about the tender offer may call D.F. King & Co Inc toll free at (800) 901-0068.

Steven Madden Ltd


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

India to be largest cotton producer in 2018-19: USDA

Textiles | On 22nd Jun 2018

India to be largest cotton producer in 2018-19: USDA

For the fourth consecutive season, India is expected to be the...

Organic Basics gets Polygiene help for advanced underwear

Apparel/Garments | On 22nd Jun 2018

Organic Basics gets Polygiene help for advanced underwear

Danish firm Organic Basics is working with Swedish company Polygiene, ...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Urmil Arya

Sushila International, a well established textile organisation established ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson
TissueGen

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

Ashok Desai
Bombay Textile Research Association

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search