News Breaks |
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| March 1, 2013 |
| 17:50 EDT |  | TRLG | True Religion elects not to extend CEO contract, seeks alternative arrangement
True Religion disclosed in a regulatory filing that Jeffrey Lubell, chairman of the board, CEO and creative director of True Religion Apparel was informed on February 26, that the company had determined not to extend the term of his employment agreement at the time of its scheduled termination on June 30. In October 2012, the company announced its board of directors had formed a special committee comprised of its non-management directors to explore and evaluate potential strategic alternatives available to the company. In light of this continuing review, the company believes that it would not be appropriate to renew the employment agreement for an additional three-year period at this time. The company further informed Lubell that it would like the opportunity to explore an alternative arrangement with him. |
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News For TRLG From The Last 14 Days Check below for free stories on TRLG the last two weeks. |
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| May 14, 2013 |
| 13:00 EDT |  | TRLG | True Religion downgraded to Neutral from Strong Buy at Tigress Financial
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| May 13, 2013 |
| 10:09 EDT | | TRLG | On The Fly: Analyst Downgrade Summary
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| 07:09 EDT | | TRLG | True Religion downgraded to Hold from Buy at Benchmark Co.
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| May 10, 2013 |
| 16:29 EDT |  | TRLG | On The Fly: Closing Wrap
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| 12:31 EDT | | TRLG | On The Fly: Midday Wrap
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| 09:48 EDT | | TRLG | True Religion to resume trade at 10:10 am ET
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| 09:41 EDT |  | TRLG | True Religion reports Q1 adjusted EPS 22c, consensus 34c
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| 09:40 EDT | | TRLG | True Religion to be taken private by TowerBrook at $32 per share
True Religion announced it has entered into a definitive merger agreement with an affiliate of funds managed by TowerBrook Capital Partners in a take-private transaction valued at approximately $835M. Under the terms of the merger agreement, TowerBrook will acquire all of the outstanding shares of True Religion common stock for $32.00 per share in cash. The merger is subject to approval from stockholders. The transaction is expected to close in Q3. Pursuant to the merger agreement, True Religion has suspended its regular quarterly dividend. |
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| 09:38 EDT | | TRLG | True Religion to be acquired by TowerBrook for $32 per share
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| May 9, 2013 |
| 15:27 EDT | | TRLG | Notable companies reporting before tomorrow's open
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