Shareholders vote to take Miami’s biggest clothing company private

Doral-based Perry Ellis announced Thursday that a majority of shareholders had approved a $437 million buyout bid led by company founder George Feldenkreis to take the company private.

The purchase price of $27.50 a share represents a premium of approximately 21.6 percent above Perry Ellis’ closing stock price on Feb. 5, 2018. That was the last trading day before Feldenkreis announced his proposal to take the company private. Perry shares have stayed at about $27.50 since August.

The company expects to announce completion of the deal within a few days.