Trans World Entertainment extends deadline to go private
ALBANY, N.Y. Trans World Entertainment has extended its deadline to go private. In a letter sent to Bryant Riley of Riley Investment Management, the company confirmed that it has moved the deadline to May 31.
The original deadline set by Trans World Entertainment and Riley was March 31.
On Nov. 9, Robert Higgins, chairman and ceo of Trans World Entertainment, and the company's largest shareholder has made an offer to purchase the outstanding shares of the company he does not already own, Trans World Entertainment reported. Higgins and his related persons and entities currently hold approximately 40% of the issued and outstanding shares of the company.