July 18, 2018
The company’s board released another statement reiterating its commitment to the insider Feldenkreis deal that would pay shareholders $27.50 rather than the $28.00 offered by Randa Accessories.
The Guangzhou-based factory said as of Sep., it would no longer be doing business with the customer that accounted for 87% of its business for the last FY and 88% of its business for H1 of this year.
The shelf registration is for 9,500,000 shares of TLYS Class A shares at $14.975 per share, a slight discount to the current trading price, but with no specified timetable for the sale.
The $1.3 billion Chinese apparel and footwear brand, which has sponsored the NBA veteran since 2012, signed him to a lifetime contract coinciding with the release of his latest signature shoe, the Way of Wade 7.