Tarrant Apparel Group, a design and sourcing company for private label and private brand casual apparel, announced that it will hold a special meeting of shareholders on Thursday, August 20, 2009 at 10:00 a.m. Pacific time. The meeting will be held at the Company's corporate headquarters located at 801 S. Figueroa Street, Suite 2500, Los Angeles, California 90017.
At this meeting, shareholders will vote on the previously announced merger agreement, dated as of February 26, 2009, among the Company and affiliates of Gerard Guez, the Company's Interim Chief Executive Officer and Chairman of its Board of Directors, and Todd Kay, the Company's Vice-Chairman of its Board of Directors. Pursuant to the merger agreement, Messrs.
Guez and Kay's affiliates have agreed to acquire all of the shares of common stock of the Company not already owned by them for $0.85 per share in cash. The Company's shareholders of record at the close of business on Monday, July 6, 2009 will be entitled to notice of the special meeting and to vote on the proposal.
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