Reuters logo
BRIEF-Naked Brand Group and Bendon enter into agreement and plan of reorganization
May 25, 2017 / 12:15 PM / in 7 months

BRIEF-Naked Brand Group and Bendon enter into agreement and plan of reorganization

May 25 (Reuters) - Naked Brand Group Inc

* Naked Brand Group and Bendon Limited enter into agreement and plan of reorganization

* Naked Brand Group Inc - Naked’s shareholders will, upon closing of merger, receive approximately 7% of outstanding ordinary shares of combined company on a fully diluted basis

* Naked Brand Group Inc says merger agreement has been approved by board of directors of both naked brands and bendon limited

* Naked Brand Group Inc - pursuant to merger agreement, Naked and Bendon, respectively, will become wholly owned subsidiaries of Bendon Group Holdings Limited

* Naked Brand Group Inc - pursuant to merger agreement, shareholders of bendon and stockholders of Naked, respectively, will become shareholders of Holdco Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below