Perry Ellis International Inc. said Friday it agreed to acquire Rafaella Apparel Group Inc. from private equity firm Cerberus Capital Management for $70 million plus warrants to buy 106,564 shares of stock.
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Perry Ellis International Inc. said Friday it agreed to acquire Rafaella Apparel Group Inc. from private equity firm Cerberus Capital Management for $70 million plus warrants to buy 106,564 shares of stock.
Shares surged $4.10, or 15.7 percent, to a 52-week high of $30.17 in midday trading.
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