February 24, 2009
The transaction will consist of a tender offer by NAF Acquisition Corp. for all outstanding shares of the common stock of Hampshire at a cash purchase price of $5.55 per share.
On February 24, it was announced that Willkie client Hampshire Group, Limited has reached a definitive agreement to be acquired by NAF Acquisition Corp., a direct wholly owned subsidiary of NAF Holdings II, LLC. Under the agreement, the transaction will consist of a tender offer by NAF Acquisition Corp. for all outstanding shares of the common stock of Hampshire at a cash purchase price of $5.55 per share. Hampshire will continue as the surviving corporation in the merger. Hampshire Group is a leading U.S. provider of women’s and men’s sweaters, wovens and knits, and a designer and marketer of branded apparel. Its customers include retailers such as Macy’s, Kohl’s, JC Penney, Dillards, Bloomingdale’s and Nordstrom. NAF Holdings II, LLC is an investment concern controlled by Efrem Gerszberg, who is a private investor with extensive experience in the apparel and retail sectors. The deal was handled by partners Steven Gartner and Mark Cognetti, and associates Jared Fertman, Samuel Tversky and Colin Daniels.
