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Cache Inc Announces Commencement Of Rights Offering

Friday, 5 Apr 2013 08:33am EDT 

Cache Inc announced that it has commenced previously announced $8.0 million rights offering. At a special meeting held earlier, Cache's shareholders approved the issuance of shares of common stock in the rights offering and under the Investment Agreement entered into with MFP Partners, L.P., Mill Road Capital, L.P. and Jay Margolis. Under the terms of the rights offering, Cache is distributing, at no charge to the holders of record of common stock as of 5:00 p.m., New York City time, on the record date for the rights offering of April 4, 2013, approximately 0.359 transferable subscription rights for each share of common stock owned on the record date, as more fully described in the prospectus relating to the rights offering. Each whole subscription right will entitle the holder to purchase one share of common stock, at a subscription price of $1.65 per share. 

Company Quote

-0.0454 -46.61%
23 Jan 2015