The company’s board released another statement reiterating its commitment to the insider Feldenkreis deal that would pay shareholders $27.50 rather than the $28.00 offered by Randa Accessories. It offered little in the way of new information, calling the Randa bid highly conditional, non-binding, etc. etc. etc. It also complains that Randa has not committed to pay the breakup fee that amounts to about $0.55 per share that essentially levels the bids. However, it’s unclear why this would matter to the selling shareholders since the company would have to pay the fee and Randa would presumably have less cash in PERY ... Log in to view full article.