American Apparel Appoints Board Chairwoman, Evaluates Acquisition Proposal
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American%20Apparel%20Inc.<%2Fa>%20announced%20Dec.%2022%20its%20new%20chairperson%20and%20that%20it%20received%20a%20bid%20to%20acquire%20the%20company.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.printandpromomarketing.com%2Farticle%2Famerican-apparel-appoints-board-chairwoman-evaluates-acquisition-proposal%2F" target="_blank" class="email" data-post-id="3566" type="icon_link">
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The board confirmed that the company received an "indication of interest to acquire the company for $1.30 to $1.40 per share." The board is evaluating the proposal.
“The board has made progress this year, and I believe we will look back and mark this as an important turning point,” said Danziger. “And we’re ending the year by establishing an updated code of conduct that will serve as an important guide for our company going forward. Step-by-step, we are transforming this company and positioning it for success.”
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