Moss' Buyback
Mossimo Giannulli, founder and controlling stockholder of Mossimo Inc., announced plans to acquire the outstanding publicly held shares of Mossimo stock for $4 per share, which at the time of the offer was about 20 percent higher than the current share price. But news of the buyback helped boost share prices by nearly 25 percent. Giannulli owns about 65 percent of Mossimo stock.
