Saying that there were too many uncertainties in the Randa Accessories bid, PERY’s board advised shareholders to reject that $28.00 per share big in favor of the $27.50 per share bid offered by founder George Feldenkreis. The independent directors unanimously advised shareholders to accept the Feldenkreis bid on Jun. 16 following a protracted battle by Feldenkreis to take the company private. The committee said the Randa bid was essentially unchanged except for the price from a $27.25 bid it had made during the committee’s review of strategic options earlier in the year. It added that the Randa offer was “highly ... Log in to view full article.