NEW YORK--(EON: Enhanced Online News)--The law firm of Wohl & Fruchter LLP is investigating the proposed acquisition of R.G. Barry Corporation (RGB) (Nasdaq: DFZ) by Mill Road Capital, L.P. (Mill Road), one of the Company’s largest outside shareholders.
“single-seasoned footwear company into a multidimensional, branded accessory business.”
On September 11, 2013, Mill Road announced an offer to acquire all of RGB’s outstanding shares for $20/share in cash. Mill Road is presently one of RGB’s largest shareholders with a 8.57% stake.
The proposal comes less than a week after RGB announced positive fourth quarter and full fiscal year 2013 results, reflecting what the Company’s CFO, Jose G. Ibarra, indicated was ongoing success transforming RGB from a “single-seasoned footwear company into a multidimensional, branded accessory business.”
Wohl & Fruchter’s investigation concerns the fairness of Mill Road’s proposal, and the adequacy of the procedures adopted by RGB to respond to the proposal.
Additional information is available at http://www.wohlfruchter.com/cases/dfz.
Persons with relevant information, and RGB shareholders with questions about this investigation, are invited to contact our Firm by calling 866.582.8140, or contacting the attorney below.
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