R. G. Barry Confirms Receipt Of Unsolicited $20 Per Share Bid

(RTTNews) - R. G. Barry Corp. (DFZ) confirmed Thursday 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.

R. G. Barry said its Board of Directors plans to evaluate the proposal in a timely manner, but that it has not determined a definitive time frame for its evaluation.

The company said it will not comment upon or provide further updates regarding the acquisition proposal until circumstances warrant.