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MOSS Mossimo

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Share Name Share Symbol Market Type
Mossimo NASDAQ:MOSS NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

RockView Management Criticizes Mossimo Offer as Inadequate

09/11/2005 8:29pm

PR Newswire (US)


Mossimo (NASDAQ:MOSS)
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NEW YORK, Nov. 9 /PRNewswire/ -- RockView Management LLC, an institutional investor and beneficial shareholder of Mossimo, Inc., (NASDAQ:MOSS), today sent the following letter to the Company's Board of Directors in response to the Company's press release announcing that discussions with an independent third-party concerning a potential acquisition of the Company had been terminated: Gentlemen: We are dismayed by today's announcement in which the Company advised that discussions with an independent third-party concerning a potential acquisition, at what was reported to be a premium to Mossimo Giannulli's previously announced tender offer, had been terminated. On numerous occasions since Mr. Mossimo announced his intent to commence a tender offer -- initially at $4.00 per share and most recently at $5.00 per share -- RockView has made good faith attempts to contact senior management and members of the Board of Directors to discuss Mr. Mossimo's proposals which we believed, and still believe, offers Company shareholders (other than Mr. Mossimo) inadequate value for their shares. Recent overtures from an independent third-party confirms our belief. We urge the Board members to be mindful of their duties to obtain the highest value for all Company shareholders in connection with any sale of the Company or other offer to purchase shares. Regards, RockView Management LLC 900 Third Avenue 11th Floor New York, New York 10022 DATASOURCE: RockView Management LLC CONTACT: RockView Management LLC, +1-212-821-8700

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