Maidenform Announces Stockholder Approval of Merger Agreement with Hanesbrands
04 October 2013 - 3:03AM
Business Wire
Maidenform Brands, Inc. (NYSE:MFB) today announced that based on
a vote tally from the special meeting of stockholders held today,
Maidenform stockholders have voted to approve and adopt the
previously announced merger agreement under which Hanesbrands Inc.
(NYSE:HBI) will acquire all of the outstanding shares of Maidenform
common stock for $23.50 per share in cash, without interest.
Approximately 99.0 percent of the votes cast at the special meeting
were in favor of the approval and adoption of the merger agreement,
representing approximately 85.7 percent of Maidenform’s outstanding
common stock as of August 23, 2013, the record date for the special
meeting.
Maurice S. Reznik, Chief Executive Officer of Maidenform and
Member of the Maidenform Board of Directors, said, “We are pleased
that our stockholders recognize the immediate and substantial value
of this compelling transaction. We thank our stockholders for their
support and look forward to a bright future ahead as part of
Hanesbrands.”
Subject to satisfaction or waiver of the remaining customary
closing conditions in the merger agreement, the transaction is
expected to close on October 7, 2013, at which time Maidenform will
cease to be traded on the NYSE.
About Maidenform
Maidenform Brands, Inc. is a global intimate apparel company
with a portfolio of established, well-known brands, top-selling
products and an iconic heritage. Maidenform designs, sources and
markets an extensive range of intimate apparel products, including
bras, panties and shapewear. During its 91-year history, Maidenform
has built strong equity for its brands and established a platform
for growth through a combination of innovative, first-to-market
designs and creative advertising campaigns focused on increasing
brand awareness with generations of women. Maidenform sells its
products under some of the most recognized brands in the intimate
apparel industry, including Maidenform®, Control It!®, Fat Free
Dressing®, Flexees®, Lilyette®, Bodymates®, Inspirations®, Self
Expressions® and Sweet Nothings®. Maidenform products are currently
distributed in approximately 63 countries and territories outside
the United States.
Media:Sard Verbinnen & CoBrooke Gordon/Jonathan
Doorley/Jared Levy212-687-8080orInvestors:MaidenformChristopher W.
Vieth732-621-2101CVieth@Maidenform.com
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