Intimate Brands reviewing acquisition offer

Intimate Brands

filed a request with the Securities and Exchange Commission on Feb. 20 seeking more time to review an offer from retailer The Limited to acquire the 16% of Intimate Brands it doesn’t already own. The Limited announced its unsolicited $1.46 billion offer on Feb. 5. The offer is to expire March 11.

The parent company of women’s apparel cataloger/retailer Victoria’s Secret, Intimate Brands has appointed a three-member committee to review the offer. Donna James, executive vice president/chief administrator officer of Nationwide, is chair; the other members are Dr. William Kirwan, president of Ohio State University, and Dr. Roger Blackwell, president/CEO of Roger Blackwell Associates. The committee has retained Wilmer, Cutler and Pickering as its legal adviser and Credit Suisse First Boston Corp. as its financial adviser.

Partner Content

3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Build the Foundation for Great Customer Experiences - NetSuite
Understand how consistent, timely, relevant and personalized experiences are enabled by having the right technology foundation in place.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.