R.G. Barry Corporation Enters into Non-Disclosure and Standstill Agreement
with Mill Road Capital Management LLC
Mill Road to Conduct Due Diligence
PICKERINGTON, Ohio, Dec. 16, 2013
PICKERINGTON, Ohio, Dec. 16, 2013 /PRNewswire/ -- R.G. Barry Corporation
(Nasdaq: DFZ), today reported that it has entered into a Non-Disclosure and
Standstill Agreement with Mill Road Capital Management LLC (Mill Road). This
follows the decision of the R.G. Barry Board of Directors to proceed with the
due diligence request of Mill Road for its previously announced unsolicited
and non-binding proposal to acquire the Company.
The Board of Directors cautions the Company's shareholders that the Board has
not made any decision with respect to the Mill Road proposal and there can be
no assurance that any definitive offer will be made, that any definitive
agreement will be executed or that the proposed transaction or any other
transaction will be approved or consummated.
The Company does not undertake any obligation to provide any updates with
respect to the matters that are the subject of this press release, except as
required under applicable law.
R.G. Barry is being advised by Peter J. Solomon Company, L.P. and Vorys,
Sater, Seymour and Pease LLP.
Cautionary Statement concerning Forward Looking Statements
Statements in this press release that are not descriptions of historical facts
may be "forward-looking" statements within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will", "should",
"expects", "anticipates", "future", "intends", "plans", "projects",
"predicts", "believes", "estimates", "forecasts", "may" and similar
statements. The Company may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and Exchange
Commission, in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical facts,
including statements about the Company's beliefs and expectations, are
forward-looking statements. Forward-looking statements, by their nature,
involve risks, uncertainties and other factors that could cause actual results
to differ materially from those contained in any such statements. Potential
risks and uncertainties include, but are not limited to, risks discussed in
the Company's filings with the U.S. Securities and Exchange Commission at
www.sec.gov. The Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable law.
About RG Barry
RG Barry develops accessories brands that provide fashionable,
solution-oriented products for a great life. Our primary brands include:
Dearfoams slippers dearfoams.com; baggallini handbags, totes and travel
accessories baggallini.com; and Foot Petals premium insoles and comfort
products footpetals.com. To learn more, visit us at rgbarry.com.
SOURCE R.G. Barry Corporation
Contact: Roy Youst, RG Barry Investor Relations, 614.729.7200,
firstname.lastname@example.org; Jose G. Ibarra, Senior VP Finance/CFO, 614.864.6400,
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