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Apparel Company PVH announces closing of public offering

16
May '06
Phillips-Van Heusen Corporation announced the closing of the public offering by holders of its Series B Convertible Preferred Stock of 10,057,495 shares of common stock.

The shares sold were issued upon conversion by such holders of all outstanding shares of Series B Preferred Stock into 11,566,119 shares of common stock.

The shares were offered at a purchase price of $38.00 per share. The remaining 1,508,624 shares of common stock received upon conversion are held by such holders, subject to an option in favor of the underwriters of the offering to purchase such shares.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of shares of common stock in any state in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities law of any such state.

Any offering will be made only by means of a written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Phillips-Van Heusen Corporation is one of the world's largest apparel companies. It owns and markets the Calvin Klein brand worldwide.

It is the world's largest shirt company and markets a variety of goods under its own brands, Van Heusen, Calvin Klein, IZOD, Arrow, Bass and G.H. Bass & Co., and its licensed brands Geoffrey Beene, Kenneth ColeNew York, Kenneth Cole Reaction, unlisted, A Kenneth Cole Production, BCBG Max Azria, BCBG Attitude, Sean John, Donald J. Trump Signature Collection, Chaps, MICHAEL Michael Kors, and, beginning later in 2006, JOE Joseph Abboud.

Phillips-Van Heusen Corporation


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