Maidenform Announces Stockholder Approval of Merger Agreement with
ISELIN, N.J. -- October 3, 2013
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.
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.
Sard Verbinnen & Co
Brooke Gordon/Jonathan Doorley/Jared Levy
Christopher W. Vieth
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