17) per share in cash for the stock not held by the Chaus
Women's clothing company Bernard Chaus
Inc (OTCBB:CHBD) has received a "going private" offer from Camuto Consulting Inc, the company disclosed on Friday.
, Chairwoman and Chief Executive Officer of Bernard Chaus
, Inc, US, said, "We are very pleased to expand the long and cooperative relationship we have had with China Ting.
On the basis of the received results a comprehensive range of new-patented as-cast HSS with the wide choice of improved structures and properties for cast cutting tool applications have been designed (Gelin & Chaus
looks around her recently expanded restaurant.
designs, arranges for the manufacture of and markets an extensive range of women's career and casual sportswear principally under the VINCE CAMUTO[R], JOSEPHINE CHAUS
[R], JOSEPHINE[R], JOSEPHINE STUDIO[R], CHAUS
SPORT[R], CYNTHIA STEFFE[R], SEAMLINE CYNTHIA STEFFE[R] and CYNTHIA CYNTHIA STEFFE[R] trademarks and under private label brand names.
plans to use this space as general, executive and administrative offices, as well as a showroom.
In addition, Chaus
has entered into a memorandum of understanding with shareholders, Kenneth Braun and Barry Berkowitz, to settle their litigation against the previous transaction.
signed a Nautica license in 1995 and began deliveries in August 1996.
We look forward to working closely with the Chaus
team to leverage the strengths of our two great companies for our retail customers and consumers," said Vince Camuto, Chairman and Chief Executive Officer of The Camuto Group.
The offer targets the shareholders of Bernard Chaus
, apart from the Chaus
family, China Ting Group and Camuto itself.
The proposal is subject to a number of conditions including, among other things, the negotiation and execution of definitive agreements, the approval of the transaction by Chaus
' Board and shareholders, the receipt of a fairness opinion, the approval of the transaction by the Boards of Camuto and CTG, the conversion of certain amounts owed by Chaus
into a term loan and the entry by Chaus
into a new financing agreement with its lender on terms satisfactory to all parties.