revised its offer to acquire the 16% of Intimate Brands that it doesn’t already own. The original deadline was March 11; The Limited extended it to midnight, March 20.
Under the amended offer, all Intimate Brands shareholders will be offered 1.10 shares of Limited common stock in a tax-free exchange for each outstanding share of Intimate Brands Class A common stock.
The Limited owns retailers Express, Lerner New York, Limited Stores, Structure, and Henri Bendel. In addition to cataloger/retailer Victoria’s Secret, Intimate Brands owns Bath & Body Works and White Barn Candle Co.