An investigation on behalf of investors, who currently hold shares of Perry Ellis International, Inc. (NASDAQ: PERY), was announced concerning whether the takeover of Perry Ellis International, Inc. . is unfair to NASDAQ: PERY stockholders.

The investigation by a law firm concerns whether certain officers and directors of Perry Ellis International, Inc. breached their fiduciary duties owed to NASDAQ: PERY investors in connection with the proposed acquisition.

Miami, FL based Perry Ellis International, Inc. designs, sources, markets, and licenses apparel products, accessories, and fragrances.
On June 16, 2018, Perry Ellis International (NASDAQ:PERY) announced it has entered into a merger agreement under which a newly formed entity controlled by George Feldenkreis, Perry Ellis founder and member of the Companys Board of Directors, will acquire all of the outstanding common shares of Perry Ellisnot already beneficially owned by the Feldenkreis family for $27.50 per share in cash.

However, given that at least one analyst has set the high target price for NASDAQ: PERY shares at $29.00 per share, the investigation concerns whether the offer is unfair to NASDAQ: PERY stockholders. More specifically, the investigation concerns whether the Perry Ellis International Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Perry Ellis International, Inc. reported that its Total Revenue rose from $861.08 million for the 12 months period that ended on January 28, 2017 to $874.85 million for the 12 months period that ended on February 3, 2018 and that its Net Income over those respective time periods increased from $14.51 million to $56.65 million.

Shares of Perry Ellis International, Inc. (NASDAQ: PERY) reached as high as $28.50 per share in late 2016.