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Frederick's shareholders lawsuit seeks to block Knightsbridge buy. (Knightsbridge Capital offer to purchase Frederick's of Hollywood)(Brief Article)
WWD
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September 25, 1997|
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COPYRIGHT 1997 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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NEW YORK -- The proposed acquisition of Frederick's of Hollywood by Knightsbridge Capital Corp. faces yet another hurdle.
Frederick's has been hit with a class action lawsuit by three minority shareholders aiming to prevent the deal, which is scheduled to close Monday. A hearing to seek a 10-day delay on the closing of the deal is scheduled Monday in Delaware Chancery Court, said a Frederick's spokesman. Frederick's said it plans to contest the motion for a restraining order and proceed with its merger with Knightsbridge.
As reported, Frederick's on Sept. 6 ...
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