News

Maxwell/Jones battle continues

16/04/2004

The battle between Jones Apparel of New York and Maxwell Shoe Co. of Boston seems to be drawing to a close.

 

At a shareholders meeting on April 8 in Boston, Maxwell’s chairman and CEO, Mark Cocozza, continued to urge shareholders to reject Jones’s offer of $297 million to buy out the company. Cocozza said the $20 per share offer was too low and that it should be $22.50 per share.

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