Russian TV Loses Rights To Qualifier Bayern Munich Inks Deal With Goal.com FCA Faces High Costs For UEFA Games Executive Transactions SUM Named CONCACAF Cup Rep London Aims To Be Global Leader In '17 Bundesliga Draws Less Than 4M Viewers Scotland Partners With Tennent's State Will Increase Financial Support Winterkorn Laments EPL's Deep Pockets
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).