Gold Coast Fined For Salary Cap Breach Marketing Symposium: Global Sports Events Kazakhstan Seeks Foreign Investment Bochum Abandons Plan To Save Money NZRU Cancels Match In Singapore Cargiant, QPR Battle To Build Homes McIlroy Takes Time To Focus On Lawsuit PSG's Biggest Revenue Stream Is 'Other' Stadium Roof Would Cost Up To $307M Adidas Mulling Reebok Sale
SBD Global/January 18, 2013/FinancePrint All
Footwear brand K-Swiss announced that South Korea-based fashion and retail company 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 $170M. The offer price is a 49% premium to K-Swiss' closing stock price of $3.19 Wednesday on the over-the-counter market. The agreement will see K-Swiss stockholders receive $4.75 in cash for each outstanding Class A and Class B share of the company's common stock they own. The deal is expected to close during the second quarter of '13 (K-Swiss).