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

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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


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