WHP Global commences $45 per share tender offer for Lands’ End shares

LEWHP, LLC, a wholly owned indirect subsidiary of WH Topco, L.P., d/b/a WHP Global, announced the commencement of a tender offer to purchase up to 2,222,222 of the issued and outstanding shares of common stock of Lands’ End at a price of $45.00 per share in cash, without interest and less any applicable tax withholdings. If Lands’ End’s stockholders tender more than 2,222,222 Shares, the Tender Offer will be subject to proration, and Purchaser will purchase Shares on a pro rata basis. As a result of the Tender Offer, WHP Global is expected to own approximately 7% of Lands’ End. The Tender Offer will expire at one minute past 11:59 p.m., New York City time, on March 26, unless extended or earlier terminated.