Perry Ellis shares up 10% premarket

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Randa Accessories makes $28-per-share bid for Perry Ellis

Men’s accessories company Randa Accessories announced Monday that it has made a $28-per-share, all-cash bid to acquire Perry Ellis International Inc. . It had been speculated that Randa would make a move for the company, which could upset the deal between Perry Ellis and its founder and former executive chairman George Feldenkreis, who has a $27.50-per-share deal to take the company private. Randa has experience as the licensee for brands like Levi’s, Tommy Hilfiger and Timberland. Perry Ellis shares jumped on the news, rising 10.4% in Monday premarket trading. Shares of the company have rallied 39.6% over the past year, outpacing the S&P 500 index , which is up 12.2% for the last 12 months.

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