Online women's and men's apparel mail order company Blair Corporation announced the preliminary results of its tender offer to purchase 4,400,000 shares of its common stock. The tender offer expired at 12:00 midnight, Eastern Daylight Time, on Tuesday, August 16, 2005 and has not been extended.
Based on a preliminary count by Computershare Trust Company of New York, the depositary for the tender offer, approximately 6,515,401 shares of common stock were properly tendered and not withdrawn. The proration factor and the number of shares purchased will be announced as soon as practical following completion of the verification process and confirmation by the depositary of the proper delivery of all shares tendered. Payment for the shares validly tendered and accepted for purchase under the tender offer and the return of any shares not accepted will occur promptly after such announcement.
The dealer manager for the tender offer was Stephens Inc, and the information agent was Georgeson Shareholder Communications Inc.
Pennsylvania based Blair is a multi-channel direct marketer of women's and men's apparel and home Online and mail order sales of womenswear, menswear, and home products. Blair Corporation employs over 2,000 people and operates facilities and retail outlets in Northwestern Pennsylvania as well as a catalog outlet in Wilmington, Delaware. The Company, which has annual sales of approximately $500 million.
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