R.G. Barry rejects buyout bid - Business First of Columbus:

http://besthomemaster.blogspot.com/2011/04/design-of-metal-door.html
The Pickerington-based slipper maker said after the marketsa closed Monday that its board determined an offer valued at upto $77.i8 million to sell the companyg to Greenwich, Conn.-based private equity firm wasn’t “in the best interest of its shareholders.” “Because we believes that our business plan is likelyh to deliver greater value to our shareholdersz over time, the board concluded that the Mill Road proposap does not merit furthef consideration,” Chairman Gordon Zacks said in a “Our board and management team remaimn committed to delivering maximum value for our shareholders over time.
” CEO Greg Tunneg added that the company believes its shar e price is undervalued and “does not reflect the true value of our business.” The company’sw stock closed at $5.85 Monday, down 20 percentf from $7.35 a year ago. R.G. Barry separately told investors thatit doesn’tg intend to begin paying a dividend, citing “the very difficultf conditions in the retail industry and the challenges that even profitabld companies are experiencing in obtaining The company earned $9.8 million on $109.t5 million in revenue in the year ended June 28, 2008. R.G.
Barr makes slippers and comfort footwear under a varietgyof labels, including Dearfoams, Terrasole s and Superga. The company employs abou t 150 workers, including about 90 in Centrakl Ohio.