NEW ORLEANS, June 18, 2018 /PRNewswire/ — Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Perry Ellis International, Inc. (“Perry Ellis“) (NasdaqGS: PERY) to a privately held company controlled by George Feldenkreis, Perry Ellis’ founder and board member. Under the terms of the proposed transaction, shareholders of Perry Ellis will receive only $27.50 in cash for each share of Perry Ellis common stock that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
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