Perry Ellis receives revised takeover offer from Randa

Perry Ellis International has received a revised, non-binding, unsolicited proposal from privately-held Randa Accessories Leather Goods LLC (Randa) to acquire 100 percent of the outstanding common stock of Perry Ellis for 28.90 dollars per share in cash. The company had earlier rejected Randa’s 28 dollars per share proposal in favour of a 437 million dollars transaction to become a private company through an acquisition led by founder and Chairman George Feldenkreis.