Sun Capital Pleased Kellwood Will Let Stockholders Decide for Themselves on $21 Per Share Offer
28 Enero 2008 - 7:00AM
Business Wire
Sun Capital Securities Group, LLC issued the following statement in
response to yesterday�s announcement by Kellwood Company (NYSE:
KWD) that it will remove the impediments to Sun Capital�s $21.00
per share cash tender offer and let stockholders decide whether to
accept it. Jason Bernzweig, Vice President of Sun Capital, said,
�We are pleased that Kellwood�s Board intends to allow stockholders
to decide for themselves on Sun Capital�s $21.00 per share cash
tender offer and we also support Kellwood�s decision to terminate
its previously announced debt tender.� About Sun Capital Sun
Capital Partners, Inc. is a leading private investment firm focused
on leveraged buyouts, equity, debt, and other investments in
market-leading companies that can benefit from its in-house
operating professionals and experience. Sun Capital affiliates have
invested in and managed more than 175 companies worldwide with
combined sales in excess of $35.0 billion since Sun Capital's
inception in 1995. Sun Capital has offices in Boca Raton, Los
Angeles, and New York, and affiliates with offices in London,
Tokyo, and Shenzhen. Additional Information and Where to Find It
This press release is provided for informational purposes only and
is neither an offer to purchase nor a solicitation of an offer to
sell any securities of Kellwood. The offer to purchase or
solicitation of offers to sell is being made pursuant to a Tender
Offer Statement on Schedule TO (including the Offer to Purchase,
Letter of Transmittal and other related offer documents) filed by
Cardinal Integrated, LLC with the SEC on January 15, 2008. Before
making any decision with respect to the offer, Kellwood
stockholders are advised to read these documents, as they may be
amended from time to time, and any other documents relating to the
tender offer that are filed with the SEC carefully and in their
entirety because they contain important information, including the
terms and conditions of the offer. Kellwood stockholders may obtain
copies of these documents for free at the SEC�s website at
www.sec.gov, or by calling D.F. King & Co., Inc., the
Information Agent for the offer, at (800) 269-6427. This press
release and the Offer to Purchase do not constitute a solicitation
of a proxy for or with respect to any annual or special meeting of
Kellwood�s stockholders. Any such solicitation will be made only
pursuant to separate proxy solicitation materials complying with
all applicable requirements of Section 14(a) of the Securities
Exchange Act of 1934, as amended. Cautionary Statement Regarding
Forward-Looking Statements This press release contains
forward-looking statements. All statements contained in this press
release that are not clearly historical in nature or that
necessarily depend on future events are forward-looking, and the
words �anticipate,� �believe,� �expect,� �estimate,� �plan,� and
similar expressions are generally intended to identify
forward-looking statements. These statements are based on current
expectations of Sun Capital Partners, Inc. and its affiliates and
currently available information. They are not guarantees of future
performance, involve certain risks and uncertainties that are
difficult to predict and are based upon assumptions as to future
events that may not prove to be accurate. Sun Capital does not
assume any obligation to update any forward-looking statements
contained in this press release.
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