Lifetime Brands Receives Stockholder Approval for Filament Acquisition

2/28/18

GARDEN CITY, N.Y.--(BUSINESS WIRE)--Lifetime Brands, Inc. (NasdaqGS:LCUT), a leading global provider of branded kitchenware, tableware and other products used in the home, announced today that at Lifetime’s Special Meeting of Stockholders, Lifetime’s stockholders voted to approve the Company’s issuance of shares of Lifetime common stock contemplated in connection with the consummation of Lifetime’s previously announced acquisition of Filament Brands. The final vote results will be reported on a Form 8-K filed with the Securities and Exchange Commission.

“We are pleased with the outcome of today’s vote and thank all of our stockholders for their support,” said Jeffrey Siegel, Lifetime’s Chairman and Chief Executive Officer. “The Lifetime Board and management team strongly believe in the strategic merits and value provided by the Filament acquisition, which will position Lifetime with the scale, brands and capabilities to compete and win in today’s dynamic global environment, while driving strong performance and value for stockholders. We look forward to completing the transaction shortly and delivering its benefits to all of our stakeholders.”

With the required approvals having been received by Lifetime stockholders, the acquisition is expected to be completed on or about March 2, 2018.

About Lifetime Brands, Inc.

Lifetime Brands, Inc. is a leading global provider of kitchenware, tableware and other products used in the home. The Company markets its products under well-known kitchenware brands, including Farberware®, KitchenAid®, Sabatier®, Amco Houseworks®, Chicago™ Metallic, Copco®, Fred® & Friends, Kitchen Craft®, Kamenstein®, Kizmos™, MasterClass®, Misto®, Mossy Oak®, Swing-A-Way® and Vasconia®; respected tableware and giftware brands, including Mikasa®, Pfaltzgraff®, Fitz and Floyd®, Creative Tops®, Empire Silver™, Gorham®, International® Silver, Kirk Stieff®, Towle® Silversmiths, Tuttle®, Wallace®, Wilton Armetale®, V&A® and Royal Botanic Gardens Kew®; and valued home solutions brands, including Bombay®, BUILT NY® and Debbie Meyer®. The Company also provides exclusive private label products to leading retailers worldwide. The Company’s corporate website is www.lifetimebrands.com.

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.