When Perry Ellis International, the Florida-based apparel company that owns Jantzen and holds licenses for Nike swimwear and Ping apparel, purchased the Salant Corporation in June, it also got another famous name of dubious distinction when it closed the deal.
Seems well-known corporate raider Carl Icahn now holds a 5.13% stake in Perry Ellis as a result of the structure of the acquisition.
High River LP, a company owned by Icahn, owned 1.8 million shares in Salant and received 371,708 shares of Perry Ellis shares in the acquisition deal, according to a filing with the Securities and Exchange Commission. High River also said it bought 56,700 PERY shares for $581,065, or $10.25 a share. In filings, Icahn told regulators he holds the stock “for investment.”
“Carl Icahn is not looking to take over the company. He’s simply making a good investment,” said Perry Ellis chief executive George Feldenkreis in a local paper. He described Icahn as “always friendly to the company” and “a valued investor.”
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