Whitehall & Prentice announce completion of cash tender offer
11 Mar '06
1 min read
Specialty retailer of fine jewelry Whitehall Jewellers, Inc and Prentice Capital Management, LP announced the successful completion of the cash tender offer by WJ Acquisition Corporation, a wholly owned subsidiary of WJ Holding Corp. ("Holdings"), each an affiliate of Prentice and Holtzman Opportunity Fund, L.P. ("Holtzman" and together with Prentice, the "Investors"), for the outstanding shares of common stock of Whitehall at $1.60 net per share in cash, without interest.
The tender offer expired at 5:00 p.m., New York City time, on Thursday, March 9, 2006.
Whitehall Jewellers Inc is a national specialty retailer of fine jewelry, operating 361 stores in 38 states.
The Company has announced that it intends to close a number of stores in the near term.
The Company operates stores in regional and super regional shopping malls under the names Whitehall Co Jewellers, Lundstrom Jewelers and Marks Bros. Jewelers.
marketing@alchempro.com
