J.G. Durand Announces Merger Agreement with Mikasa
Following completion of the transaction, it is expected that Mikasa will be operated as a stand-alone subsidiary and will return to being a privately held company. Senior members of Mikasa management, including Blake, Dingman and Santarelli, will continue with Mikasa in their current roles. Completion of the transaction is subject to customary closing conditions, including stockholder approval and receipt of regulatory and other approvals. The transaction is not subject to any financing contingency.