Special Meeting of Stockholders to be Held on
As previously announced on
A special meeting of rue21's stockholders to consider and vote on the
acquisition will be held on
The SKM II funds, which collectively own approximately 30% of the outstanding shares of rue21, have entered into a support agreement to vote their shares in favor of the transaction with Apax. The transaction with Apax is subject to approval by a majority of the rue21 stockholders unaffiliated with the SKM II funds and certain other specified stockholders as well as other customary closing conditions.
rue21 stockholders are encouraged to read the definitive proxy materials in their entirety, as they provide important information regarding the transaction.
About rue21, inc.
rue21 is a leading specialty apparel retailer offering exclusive branded merchandise and the newest trends at a great value. rue21 currently operates 965 stores in 47 states. Learn more at www.rue21.com.
Additional Important Information and Where to Find It
This announcement may be deemed to be solicitation material in respect
of the proposed transaction. In connection with the proposed
transaction, rue21 filed a Rule 13e-3 Transaction Statement and a
definitive proxy statement with the
This announcement is neither a solicitation of a proxy, an offer to
purchase nor a solicitation of an offer to sell shares of the Company.
rue21, its executive officers and directors may be deemed to be
participants in the solicitation of proxies from the security holders of
rue21 in connection with the proposed merger. Information about those
executive officers and directors of rue21 and their ownership of rue21
common stock is set forth in the definitive proxy statement on Schedule
14A for rue21's Annual Meeting of Stockholders, which was filed with the
This release may include predictions, estimates and other information
that might be considered forward-looking statements, including, without
limitation, statements relating to the completion of this transaction.
These statements are based on current expectations and assumptions that
are subject to risks and uncertainties. Actual results could differ
materially from those anticipated as a result of various factors,
including: (1) rue21 may be unable to obtain stockholder approval as
required for the transaction; (2) conditions to the closing of the
transaction may not be satisfied; (3) the transaction may involve
unexpected costs, liabilities or delays; (4) the business of rue21 may
suffer as a result of uncertainty surrounding the transaction; (5) the
outcome of any legal proceedings related to the transaction; (6) rue21
may be adversely affected by other economic, business, and/or
competitive factors; (7) the occurrence of any event, change or other
circumstances that could give rise to the termination of the transaction
agreement; (8) the ability to recognize benefits of the transaction; (9)
risks that the transaction disrupts current plans and operations and the
potential difficulties in employee retention as a result of the
transaction; and (10) other risks to consummation of the transaction,
including the risk that the transaction will not be consummated within
the expected time period or at all. Additional factors that may affect
the future results of rue21 are set forth in its filings with the
Source: rue21, inc.
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