SHAREHOLDER ALERT:  Brodsky & Smith, LLC Announces an Investigation of Perry Ellis International, Inc. – PERY

BALA CYNWYD, July 9, 2018 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Perry Ellis International, Inc. (“Perry Ellis” or “the Company”) (Nasdaq – PERY-News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of Perry Ellis to a privately held company controlled by Perry Ellis’s founder and board member.

Under the terms of the transaction, Perry Ellis shareholders will receive only $27.50 in cash for each share of Perry Ellis stock they own. The investigation concerns whether the Board of Directors of Perry Ellis breached their fiduciary duties to shareholders and whether the transaction undervalues Perry Ellis. The transaction may not be in the Perry Ellis shareholders best interests as it results in only a very small premium for Perry Ellis shareholders. For example, an analyst has set a $29.00 price target for the stock.

If you own shares of Perry Ellis stock and wish to discuss the legal ramifications of  the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA  19004, or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.