US: Steven Madden buys 2.6m shares in “Dutch auction”

By | 26 March 2008

Footwear and accessories company Steven Madden is to buy 2.6m of the company's shares at the conclusion of what it has called its "Dutch auction" tender offer.

Steven Madden is to pay US$17.00 per share in an acquisition totalling $44.2m.

The 2.6m shares represent about 12.9% of outstanding shares, the company added. The modified Dutch Auction offer expired at midnight on 18 March.

Sectors: Finance

Companies: Steven Madden

View next/previous articles

Currently reading -

US: Steven Madden buys 2.6m shares in “Dutch auction”

There are currently no comments on this article

Be the first to comment on this article

Related articles

US: Steven Madden responds to Nasdaq letter

US footwear firm Steven Madden said it has received a letter of non-compliance by the Nasdaq Stock Market after the resignation of Walter Yetnikoff from the company's board of directors earlier this month.

US: Wal-Mart to stock Jones Apparel footwear brand

Jones Apparel Group is expanding the distribution of its l.e.i. brand at Wal-Mart stores with the addition of a new range of junior and girls' footwear.

US: Steven Madden names Edward Rosenfeld CEO

Footwear and accessories firm Steven Madden Ltd has appointed Edward Rosenfeld as chairman of the board and chief executive officer, effective immediately.

Tag line

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page