News briefs - Corporate and M&A – Page 115
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News briefs
Rumors continue to abound in Britain about the new investment...
Rumors continue to abound in Britain about the new investment intentions of Mike Ashley, the majority shareholder of Sports Direct International (SDI), which is the leading British sports retailer and wholesaler. The most recurrent reports are that he wants to acquire House of Fraser, a British chain of department stores. ...
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News briefs
Shares of Skullcandy, the headphone maker, received a little support...
Shares of Skullcandy, the headphone maker, received a little support last week amid talk that it may be a takeover target. Nike was among the potential suitors listed by Bloomberg, along with Sony, Samsung, Microsoft and Bose. The company's shares were listed in July 2011 at an initial offering price ...
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News briefs
Converse is moving its world headquarters about 30 miles down...
Converse is moving its world headquarters about 30 miles down the road to Boston, leaving its former spot in North Andover, Massachusetts. The new space is being developed by Related Companies and the Beal Companies in the North End area of the city, as part of the Lovejoy Wharf project. ...
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K2 Sports has added a 16th brand to its portfolio...
K2 Sports has added a 16th brand to its portfolio with the acquisition of Backcountry Access, an innovative supplier of snow safety and backcountry ski equipment including avalanche airbags and beacons, shovels, probes, backcountry packs and snow climbing skins. Founded in 1994, the company's staff will remain based in Boulder, Colorado. It will ...
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News briefs
On Dec. 10, FMR, a large equity fund known as...
On Dec. 10, FMR, a large equity fund known as Fidelity Investments, became the second-largest shareholder of Accell Group when its stake in the company surpassed 10 percent. Accell, whose stockmarket value had been in a decline, saw its share rating climb after the investment. As of July 2011, FMR ...
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News briefs
Derby Cycle should be delisted from the Frankfurt Stock Exchange,...
Derby Cycle should be delisted from the Frankfurt Stock Exchange, since Pon Holding Germany, a fully-owned subsidiary of Pon Holdings in the Netherlands, became the sole shareholder of the German bicycle group. Pon already owned more than 95 percent of Derby and a squeeze-out was agreed at a shareholders' meeting ...
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News briefs
Cocona has raised $15 million in a new round of...
Cocona has raised $15 million in a new round of equity financing to help streamline its operations, expand its product line, develop new applications for its technology and build up its brand. A new minority shareholder, controlled by H.I.G. Growth Partners, has emerged through the deal. Two earlier minority investors, ...
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News briefs
A consortium headed by Paul Naude, the former head of...
A consortium headed by Paul Naude, the former head of Billabong International's Americas business, has been allowed to carry out due diligence on the troubled Australian company with an eye to a possible buyout. Naude, partnering with Sycamore Partners and Bank of America Merrill Lynch, laid a bid of ...
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News briefs
The board of directors of Globe International and its chief...
The board of directors of Globe International and its chief executive, Matt Hill, who together own 70.7 percent of the company's shares, has unanimously rejected the takeover offer made a few weeks ago by Mariner Corporation, followed by a replacement bidder's statement. Among other reasons for the rejection, the ...
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News briefs
Rapala VMC Corporation has redefined the classification of certain balance...
Rapala VMC Corporation has redefined the classification of certain balance sheet items. The change in presentation leads to changes in the calculation of some key figures. For example, the return on equity for the third quarter of 2012 comes out as 3.7 percent, compared with the previously published ratio of ...
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News briefs
Invista has received approval from the Shanghai Environmental Protection Bureau...
Invista has received approval from the Shanghai Environmental Protection Bureau for a new plant to make hexamethylenediamine (HMD), an organic compound used for the production of nylon 6-6 and other polymers. With a capacity to produce 215,000 tonnes of HMD per year, the facility will be located at the Shanghai Chemical ...
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News briefs
Apax Partners is preparing a senior secured financing package for...
Apax Partners is preparing a senior secured financing package for its $570 million acquisition of Cole Haan from Nike. The transaction will reportedly involve a $270 million, seven-year term loan and a $100 million asset-based revolving credit.
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News briefs
Russell Brands is laying off 190 workers, or nearly half...
Russell Brands is laying off 190 workers, or nearly half of its staff, at its apparel decoration factory in Alexander City, Alabama. Owned by Fruit of the Loom, which in turn is controlled by Berkshire Hathaway, Russell Brands is the parent of Russell Athletic, Jerzees, Spalding and Bike brands.
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News briefs
Puma said that the arbitration tribunal dealing with its trademark...
Puma said that the arbitration tribunal dealing with its trademark dispute in Spain has issued a revised ruling requiring downsized compensation for Estudio 2000, the German sports company's former licensee in the country. Two years ago Puma was ordered to pay €98 million as compensation for the end of its ...
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News briefs
The board of Amer Sports Corp. has approved two new...
The board of Amer Sports Corp. has approved two new share-based incentive plans for key personnel of the group. A new Performance Share Plan, directed at about 80 people including members of the executive board, allocates a maximum total of 1.2 million shares that can be obtained based on operating ...
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News briefs
Oxylane, the parent company of Décathlon, laid the symbolic foundation...
Oxylane, the parent company of Décathlon, laid the symbolic foundation stone of a future distribution center in Rouvignies last Dec. 10, in the presence of representatives from local authorities. Set to be inaugurated in the autumn of 2013, the new logistical platform will start with a surface of 57,000 square meters, ...
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News briefs
While boasting that it wants to overtake Puma, New Balance...
While boasting that it wants to overtake Puma, New Balance is moving into the skate footwear market, through a licensing deal with Black Box Distribution in California. The range is to be branded as New Balance Numeric or NB#. Black Box, a company specializing in skating products, will make and ...
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News briefs
Topo Athletic is a new brand of athletic gear that...
Topo Athletic is a new brand of athletic gear that will premier at the Outdoor Retailer Winter Market in Salt Lake City next January. The idea behind the new concept is to amplify the benefits of natural biomechanics, rather than modifying them. The new company was founded by Tony Post, ...
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News briefs
Cocona, the materials technology company based in Boulder, Colorado, has secured...
Cocona, the materials technology company based in Boulder, Colorado, has secured a $15 million Series C equity private placement and will use the funds for marketing, developing new technologies and general working capital purposes. The transaction was led by H.I.G. Growth Partners and two prior Cocona investors, Fairhaven Capital and Milcom ...
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News briefs
A few days ago, Odlo began the construction of its...
A few days ago, Odlo began the construction of its new global distribution center in the German town of Brüggen. By the end of 2013, it will take the place of a cluster of five distribution centers in the same area. The total warehouse space will increase from 18,500 to ...
