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Casual Male Retail Group, Inc. Announces Sale of Equity Securities.

Publication: PR Newswire
Publication Date: 02-SEP-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CANTON, Mass., Sept. 2 /PRNewswire-FirstCall/ -- Casual Male Retail Group, Inc. ("Casual Male" or the "Company") announced today that it has agreed to sell 4,950,000 shares of common stock to certain institutional investors.

Casual Male has entered into definitive agreements to sell the shares of its common stock through a registered direct offering at a price of $2.75 per share for gross proceeds of approximately $13.6 million. The Company intends to use the net proceeds of approximately $12.6 million from this offering for general corporate...

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