Home breadcru News breadcru Company breadcru Haggar Corp declares completion of previous acquisition

Haggar Corp declares completion of previous acquisition

04 Nov '05
2 min read

Dallas based men's casual & dress apparel designing firm Haggar Corp announced completion of the previously announced acquisition of Haggar by an investor group led by Infinity Associates LLC. Under the terms of the transaction, Haggar stockholders will receive $29 per share in cash, without interest, for an aggregate purchase price of approximately $212 million.

Haggar stock will cease trading on The Nasdaq National Market at market close, and will be delisted. As soon as practicable, a paying agent will send information to all Haggar stockholders of record, explaining how they can surrender Haggar stock in exchange for $29 per share in cash, without interest. Stockholders of record should await this information before surrendering their shares. Stockholders who hold shares through a bank or broker will not have to take any action to have their shares converted into cash, since the bank or broker will handle these conversions.

US based Haggar Clothing Co, a wholly-owned subsidiary of Haggar Corp, is a leading marketer of men's casual and dress apparel and women's sportswear. It markets in the United States, Canada, Mexico, and the United Kingdom.

Haggar also holds exclusive licenses in the United States to use the Claiborne trademark, Kenneth Cole New York, and Kenneth Cole Reaction trademarks to manufacture, market, and sell men's shorts and pants in men's classification pant departments.

Haggar Clothing Co

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!