(Reuters) - In a letter filed with the U.S. Securities and Exchange Commission, Hidary said Everlast was "not entitled to terminate the merger agreement ... because the company had not received a superior proposal."
On June 28, Everlast terminated its merger pact with Hidary in favor of a deal with Brand Holdings. Both suitors raised their bids the next day, but Everlast stayed with its new partner, Brand Holdings.
Read more at Reuters.com Bonds News
On June 28, Everlast terminated its merger pact with Hidary in favor of a deal with Brand Holdings. Both suitors raised their bids the next day, but Everlast stayed with its new partner, Brand Holdings.
Read more at Reuters.com Bonds News
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