Johnson Outdoors announced that Helen Johnson-Leipold, Chairman and Chief Executive Officer, and Samuel C. Johnson, majority shareholder and director of Johnson Outdoors, are extending their non-binding proposal to acquire the outstanding public shares of the Company for a cash price of $18.00 per share. JOUT sahres have been trading at the $19-$20 level for the past three months.
The proposal pertains to all shares of the Company not already owned by Ms. Johnson-Leipold and Mr. Johnson, or any member of their family or entities controlled by them. The proposal was originally made on February 20, 2004 and had been scheduled to expire May 21, 2004.
A special committee of independent directors established to evaluate the proposal on behalf of the Company is in the process of reviewing the proposal, and has retained independent financial and legal advisors to assist in that process.
