Friday, October 19, 2007 8:34:43 AM
SHOO: (news and chart):
7:31AM Steven Madden Announces that it has received inquiries from third parties with respect to an acquisition of the Co (SHOO) 19.69 : Co announced that it has received inquiries from third parties with respect to an acquisition of the co and shareholder communications urging that the co explore alternatives to enhance shareholder value. The Board of Directors has determined to evaluate strategic alternatives available to the co and, to this end, has formed a Strategic Review Committee of the Board comprised of three independent directors, Peter Migliorini, Richard P. Randall and Walter Yetnikoff, with Mr. Yetnikoff serving as Chairman. The Committee has been charged, among other things, with the responsibility for evaluating any potential transaction, with any transaction recommended by the Committee to be considered by the full Board of Directors. The Strategic Review Committee has retained Peter J. Solomon & Company, which has previously provided consulting services to the co, as its financial advisor, and Weil, Gotshal & Manges LLP as its independent legal counsel.
7:31AM Steven Madden Announces that it has received inquiries from third parties with respect to an acquisition of the Co (SHOO) 19.69 : Co announced that it has received inquiries from third parties with respect to an acquisition of the co and shareholder communications urging that the co explore alternatives to enhance shareholder value. The Board of Directors has determined to evaluate strategic alternatives available to the co and, to this end, has formed a Strategic Review Committee of the Board comprised of three independent directors, Peter Migliorini, Richard P. Randall and Walter Yetnikoff, with Mr. Yetnikoff serving as Chairman. The Committee has been charged, among other things, with the responsibility for evaluating any potential transaction, with any transaction recommended by the Committee to be considered by the full Board of Directors. The Strategic Review Committee has retained Peter J. Solomon & Company, which has previously provided consulting services to the co, as its financial advisor, and Weil, Gotshal & Manges LLP as its independent legal counsel.
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