PICKERINGTON, Ohio, Sept. 12, 2013 /PRNewswire/ -- R. G. Barry Corporation (Nasdaq: DFZ) today confirmed that it has received an unsolicited, non-binding acquisition proposal from Mill Road Capital Management and its affiliated funds to acquire all of the Company's outstanding common shares at a price of $20 per share in cash, subject to due diligence and other conditions.
No information was provided by Mill Road Management concerning the source of financing for such proposed acquisition.
The Board of Directors of R. G. Barry intends to evaluate the proposal in a timely manner, but has not determined a definitive time frame for its evaluation.
The Company will not comment upon or provide further updates regarding the acquisition proposal until circumstances warrant.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