Feb. 26 at 3:21 PM
WHP Global launched a tender offer to purchase up to 2,222,222 shares of Lands' End Inc. at
$45.00 per share in cash through its indirect subsidiary LEWHP, LLC.
If fully subscribed, WHP Global is expected to own approximately 7% of Lands’ End. If more than 2,222,222 shares are tendered, purchases will be subject to proration.
The offer is set to expire at 11:59 p.m. New York time on March 26, 2026, unless extended or terminated earlier. The closing is contingent upon the completion of the previously announced joint venture transaction between Lands’ End and WHP Global.
WHP Global, a brand management firm, is expanding its stake in the apparel retailer through this transaction.
$LE