The Board of Directors of Whitehall Jewellers, Inc. said that its shareholders meeting will be held 10 a.m. CST, Jan. 25, at the W Hotel Chicago City Center, 172 West Adams Street, Chicago.
The meeting was originally scheduled for Jan. 19 but was postponed without reason, only saying in a statement that the postponement was agreed upon with Prentice Capital Management, L.P. and Newcastle Partners, L.P.
Newcastle has launched an unsolicited tender offer to acquire all the outstanding shares of Whitehall. But Whitehall has a financing agreement with Prentice Capital Management and Holtzman Opportunity Fund that requires a potential buyer to prove its offer is superior.
Newcastle is urging shareholders to vote for them at the annual meeting, arguing that its offer is superior.