Home / Knowledge / News / Fashion / WJ Acquisition & Whitehall Jewellers announces subsequent offering period ends

WJ Acquisition & Whitehall Jewellers announces subsequent offering period ends

18
Mar '06
Prentice Capital Management LP and Whitehall Jewellers Inc announced the expiration of the subsequent offering period to the cash tender offer by WJ Acquisition Corp, a wholly owned subsidiary of WJ Holding Corp, each an affiliate of Prentice and Holtzman Opportunity Fund LP, for the outstanding shares of common stock of Whitehall at $1.60 net per share in cash, without interest.

The subsequent offering period expired at 5:00 p.m., New York City time, on Thursday, March 16th 2006.

Based on information provided by Continental Stock Transfer & Trust Company, the depositary for the offer, a total of 8,432,824 shares, representing approx. 50.3 percent of the outstanding common stock of Whitehall, were validly tendered pursuant to the tender offer, including the subsequent offering period.

Together with shares beneficially owned by the Investors, WJ Acquisition now owns an aggregate of 12,716,619 shares, representing approx. 76 percent of the outstanding common stock of Whitehall. All such shares validly tendered and not withdrawn have been accepted for purchase in accordance with the terms of the tender offer.

Whitehall and the Investors will, as promptly as practicable, take all action within their control to effect a merger of Whitehall with WJ Acquisition in which all remaining holders of Whitehall common stock will receive the same consideration for their shares as the holders who tendered their shares in the offer.

Whitehall Jewellers Inc is a national specialty retailer of fine jewelry, operating 360 stores in 38 states. It has announced intends to close a number of stores in the near term. It operates stores in regional and super regional shopping malls under the names Whitehall Co Jewellers, Lundstrom Jewelers and Marks Bros Jewelers.

Whitehall Jewellers Inc


Must ReadView All

Pic: EIN Presswire

Apparel/Garments | On 19th Apr 2021

EC funds campaign on disastrous impact of fast fashion

With clothes consumption increasing by 60 per cent in only 15 years,...

Pic: Target Corporation

Retail | On 19th Apr 2021

Target Corp to spend over $2 bn with Black-owned businesses by 2025

As part of its commitment to social justice and racial equity, Target ...

Pic: PR Newswire

Textiles | On 19th Apr 2021

Japanese firm Epson launches textile printer for customised clothing

Epson has launched the industrial-level SureColor F10070H...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Main challenges are breakdown of supply chain and shrinkage of manpower

Textile Industry, Head honchos

Textile Industry
Head honchos

Verticals like fast fashion won’t completely adopt personalisation on...

Textile Industry, Head honchos

Textile Industry
Head honchos

Estimate loss of $8-$10 billion in turnover

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

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


April 2021

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


Advanced Search