Advertisement

Cluett and Bilzerian each extended their offers.

U.S. District Judge Leonard Sand in New York ordered an extension of Paul A. Bilzerian’s tender offer for Cluett, Peabody and for Cluett’s own exchange offer in order to provide more time to hear the legal challenges filed by each party. As a result, the proration and withdrawal deadline of Cluett’s exchange offer, which was originally Friday, is now Nov. 12 and the offer expires Nov. 29. Withdrawal rights on the Bilzerian tender offer will expire Nov. 15, with the tender offer expiring Nov. 22.


Advertisement
Advertisement