USA: Leslie Fay Company Signs Agreement With Cynthia Steffe Inc. to Buy Company Assets
The Leslie Fay Company, Inc. (Nasdaq: LFAY) today announced that it has signed a definitive agreement with Cynthia Steffe, Inc., in which Leslie Fay will purchase substantially all of Cynthia Steffe's assets. The agreement also calls for Cynthia Steffe to license her trade names to Leslie Fay. The agreement is subject to customary closing conditions.