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.

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