"The tender allowed us to deliver value to participating shareholders while at the same time increasing the proportional ownership of their non- tendering shareholders," stated Bryan Flanagan, CFO and Senior Vice President.
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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