rue21 Announces Final Results of its Modified "Dutch Auction" Tender Offer

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Jul 08, 2021, 10:40 ET

WARRENDALE, Pa., July 8, 2021 /PRNewswire/ -- Specialty retailer rue21 (r21 Holdings, Inc.) announced today the final results of its previously announced modified "Dutch Auction" tender offer. The tender offer expired at 5:00 p.m. New York City time on Wednesday, July 7, 2021.

Based on the final count by American Stock Transfer & Trust Company, the Depositary for the tender offer, a total of 1,015 shares of common stock were properly tendered and not withdrawn, at a final purchase price of $250.00 per share. No proration was required and all shares properly tendered and not withdrawn have been accepted for purchase. All of such shares purchased in the tender offer will be purchased at the price of $250.00 per share, for an aggregate cost of $253,750, excluding fees and expenses related to the tender offer.

rue21 will pay for the shares of common stock with available cash. The Depositary will promptly pay for all shares of common stock accepted for payment pursuant to the tender offer.

American Stock Transfer & Trust Company served as the Depositary and D.F. King & Co., Inc. served as the Information Agent for the tender offer. Stockholder who have questions or need information about the tender offer may contact D.F. King & Co., Inc. at (800) 967-5019 (Toll-Free) or (212) 269-5550 (Banks and Brokers).

About rue21

rue21 is a fashion destination that promises to give customers quality styles at accessible prices. They offer the largest selection of products, sizes and trends that fit every personality and budget. Headquartered just north of Pittsburgh, Pennsylvania in Warrendale, they operate over 652 stores in 45 states and online at www.rue21.com.

Forward Looking Statements

The statements included in this news release may constitute "forward-looking statements" within the meaning of U.S. federal securities laws. Such statements can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "estimates," "will," "would," "could," "should," "intends," "plans," "estimates," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and may involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of various factors. rue21 disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

SOURCE rue21