Benzinga's M&A Chatter for Thursday January 17, 2013
January 17, 2013 - 5:16pm
The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday January 17, 2013:
E.Land World to Acquire K-Swiss for $4.75/Share in Cash
The Deal:K-Swiss (NASDAQ: KSWS) and E.Land World announced Wednesday 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, 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 trading price for a share of Class A common stock on the NASDAQ Stock ...
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