Market Overview

PVH to Acquire Warnaco in $2.9B Cash and Stock Deal

Share:
Related PVH
Jim Cramer Gives His Opinion On VF Corp, Under Armour And TJX Companies
How Does Amazon's Q3 Performance Read Through For The Rest Of Retail?
More On The Trump Bump - Cramer's Mad Money (12/08/16) (Seeking Alpha)

PVH Corp. (NYSE: PVH) and The Warnaco Group (NYSE: WRC) today
announced that they have entered into a definitive merger agreement
pursuant to which PVH will acquire Warnaco and holders of Warnaco common
stock will receive $51.75 in cash and .1822 of a share of PVH common
stock for each share of Warnaco common stock. The transaction values
Warnaco at approximately $2.9 billion. With over $8 billion in pro forma
revenue, PVH will be one of the largest and most profitable global
branded lifestyle apparel companies in the world, with a diversified
portfolio of iconic brands led by Calvin Klein and Tommy
Hilfiger, as well as heritage brands – Van Heusen, IZOD, ARROW,
Bass, Speedo, Olga and Warner's.

See full press release

Posted-In: News Guidance Contracts Management M&A Global

 

Related Articles (PVH + WRC)

View Comments and Join the Discussion!