R.G. Barry Corporation (DFZ) Posts Q3 EPS of 22c

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Mill Road to Acquire R.G. Barry Corporation (DFZ) for $19/Share

May 2, 2014 8:10 AM EDT

R.G. Barry Corporation (NASDAQ: DFZ) and Mill Road Capital, a private equity firm, announced today the signing of a merger agreement pursuant to which Mill Road will acquire all of the outstanding shares of R.G. Barry Corporation for $19.00 per share in cash, reflecting an equity value of approximately $215 million. The merger will result in R.G. Barry becoming a wholly-owned subsidiary of a newly-formed corporation controlled by Mill Road.

The $19.00 per share cash merger price represents a premium of 18% compared to the 30-day average price of the stock prior to the... More