On October 22, 2018, Perry Ellis International, Inc. announced the successful completion of its acquisition by an entity controlled by George Feldenkreis in which the Company has become a private company through a $437 million transaction. The Company stated that under the terms of George Feldenkreis merger agreement, the Company’s unaffiliated shareholders would receive $27.50 per share in cash. The Company also stated that shares of the Company ceased trading on the Nasdaq Global Select Market prior to the open of trading on October 22, 2018 and would no longer be listed on an exchange or quotation system.