Perry Ellis Taken Private by Founder in Deal With Fortress

Clothing designer-retailer Perry Ellis International Inc. agreed to be taken private by its founder, George Feldenkreis, in a $437 million deal after Feldenkreis spent months pushing for the company to be sold.

Investors will get $27.50 a share in cash, the Miami-based company said Saturday in a statement. That’s the same as Feldenkreis’s initial offer, and below the closing price on Friday. It’s about 19 percent more than the price Feb. 6, when Feldenkreis’s efforts became public after markets closed.