EX-99.1
2
a05-19288_1ex99d1.htm
EXHIBIT 99
Exhibit 99.1
NEWS RELEASE
Two Colinas
Crossing
11511 Luna Road,
Dallas, Texas
75234
Tel 214.956.4511
•
Fax
214.956.4239
Contact: John W.
Feray
Senior Vice President of Finance
Chief Accounting Officer
FOR
IMMEDIATE RELEASE
ACQUISITION
OF HAGGAR CORP. COMPLETED
Dallas,
Texas
(November 1, 2005) (BUSINESS WIRE) - Haggar Corp.
(NASDAQ-HGGR) announced today the
completion of the previously announced acquisition of Haggar by an investor
group led by Infinity Associates LLC.
Under the terms of the transaction, Haggar stockholders will receive $29
per share in cash, without interest, for an aggregate purchase price of
approximately $212 million.
Haggar stock will cease trading on The Nasdaq
National Market at market close today, and will be delisted. As soon as
practicable, a paying agent will send information to all Haggar stockholders of
record, explaining how they can surrender Haggar stock in exchange for $29 per
share in cash, without interest. Stockholders of record should await this
information before surrendering their shares. Stockholders who hold shares
through a bank or broker will not have to take any action to have their shares
converted into cash, since these conversions will be handled by the bank or broker.
Haggar Clothing Co., a wholly-owned subsidiary of
Haggar Corp., is a leading marketer of men's casual and dress apparel and women's
sportswear, with global headquarters in Dallas, TX. Haggar markets in the
United States, Canada, Mexico, and the United Kingdom. Haggar also holds
exclusive licenses in the United States to use the Claiborne® trademark,
Kenneth Cole New York®, and Kenneth Cole Reaction® trademarks to manufacture,
market, and sell men's shorts and pants in men's classification pant departments.
For more information visit the Haggar website at http://www.haggar.com.
Infinity Associates LLC is an investment company
specializing in the acquisition of leading brands in the consumer soft goods
industry. Infinity's principals have many years of hands on experience adding
value to companies in the areas of strategic visioning, product design,
customer relations, marketing, sourcing and organizational efficiency.

EX - 99 . 1 2 a05 - 19288 _ 1ex99d1 . htm EXHIBIT 99 Exhibit 99 . 1 NEWS RELEASE Two Colinas Crossing 11511 Luna Road , Dallas , Texas 75234 Tel 214 . 956 . 4511 • Fax 214 . 956 . 4239 Contact : John W . Feray Senior Vice President of Finance Chief Accounting Officer FOR IMMEDIATE RELEASE ACQUISITION OF HAGGAR CORP . COMPLETED Dallas , Texas ( November 1 , 2005 ) ( BUSINESS WIRE ) - Haggar Corp . ( NASDAQ - HGGR ) announced today the completion of the previously announced acquisition of Haggar by an investor group led by Infinity Associates LLC . Under the terms of the transaction , Haggar stockholders will receive $ 29 per share in cash , without interest , for an aggregate purchase price of approximately $ 212 million . Haggar stock will cease trading on The Nasdaq National Market at market close today , and will be delisted . As soon as practicable , a paying agent will send information to all Haggar stockholders of record , explaining how they can surrender Haggar stock in exchange for $ 29 per share in cash , without interest . Stockholders of record should await this information before surrendering their shares . Stockholders who hold shares through a bank or broker will not have to take any action to have their shares converted into cash , since these conversions will be handled by the bank or broker . Haggar Clothing Co . , a wholly - owned subsidiary of Haggar Corp . , is a leading marketer of men 's casual and dress apparel and women 's sportswear , with global headquarters in Dallas , TX . Haggar markets in the United States , Canada , Mexico , and the United Kingdom . Haggar also holds exclusive licenses in the United States to use the Claiborne ® trademark , Kenneth Cole New York ® , and Kenneth Cole Reaction ® trademarks to manufacture , market , and sell men 's shorts and pants in men 's classification pant departments . For more information visit the Haggar website at http://www.haggar.com . Infinity Associates LLC is an investment company specializing in the acquisition of leading brands in the consumer soft goods industry . Infinity 's principals have many years of hands on experience adding value to companies in the areas of strategic visioning , product design , customer relations , marketing , sourcing and organizational efficiency .