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Slide #5. Columbia Sportswear Company — prAna Living LLC
Acquirer:
Columbia Sportswear Company (NASDAQ:COLM)
Acquiree:
prAna Living LLC
Details:
In a separate press release issued earlier today, the company announced it has signed a definitive agreement to purchase prAna Living LLC in a cash transaction valued at $190 million, which is subject to customary working capital adjustments. The transaction is expected to close during the second quarter of 2014, subject to customary conditions and regulatory approvals.
Columbia Sportswear is engaged in designing, developing, marketing, and distributing outdoor, active and everyday lifestyle products. Co. manages these products in two categories: apparel, accessories, and equipment products and footwear products. Co. provides its products through its four brands, Columbia, SOREL, Mountain Hardwear, and prAna. Apparel, accessories, and equipment products are provided by Co.'s Columbia, Mountain Hardwear and prAna brands. Footwear products are provided by Co.'s Columbia and SOREL brands. Co. sells its products in various countries and operates in four geographic segments: U.S., Latin America and Asia Pacific, Europe, Middle East and Africa, and Canada.
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Hold (1.62 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: COLM Stock Forecast Based on Zacks ABR data; powered by Xignite |