Endeavor approves proposed merger with American Apparel

25 Dec '07

2 min read

"Becoming a publicly traded company is an exciting event for American Apparel, in no small part because it will allow the public the opportunity to participate in our success.

I am especially proud that this transaction will put a significant number of shares into the hands of our employees, who have played an important role in the success of our company to date," said Dov Charney, CEO of American Apparel.

"We believe that this is quite a unique employee stock program for the apparel industry, and reinforces our dedication to our factory workers who are already among the most highly compensated in our industry in the world."

"Endeavor Acquisition's merger with American Apparel is an exciting transaction and a testament to a growing investor demand for new alternative investment vehicles," said Neal Wolkoff, Chairman and CEO of Amex.

"Amex continues to be a leading listing venue for companies formed to complete a business combination and an important venue for their successor operating companies. We look forward to providing a competitive and transparent marketplace for American Apparel's shareholders."

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