Market Overview

E.Land World to Acquire K-Swiss for $4.75 Per Share in Cash

K•Swiss (NASDAQ: KSWS) and E.Land World Ltd. announced today entry
into a definitive agreement pursuant to which E.Land World will acquire
all of the outstanding common stock of K•Swiss for $4.75 per share in
cash, or a total equity value of approximately $170 million.

Under the terms of the agreement, which was unanimously approved by
K•Swiss' Board of Directors, K•Swiss stockholders will receive $4.75 in
cash for each outstanding Class A and Class B share of K•Swiss common
stock they own, representing a 49% premium over the closing price for a
share of Class A common stock on the NASDAQ Stock Market on January 16,
2013, and a 62% premium over the three-month, volume-weighted average

See full press release

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

 

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