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Slide #2. Columbia Sportswear Company — prAna Living LLC
Columbia Sportswear Company (NASDAQ:COLM)
prAna Living LLC
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, sourcing, marketing, and distributing outdoor, active and everyday lifestyle apparel, footwear, accessories, and equipment products. Co.'s brands and products include: Columbia®, which is known for outdoor apparel, footwear, accessories and equipment products designed with function suited for all seasons, activities and locations; SOREL®, which provides footwear and accessories primarily to women, as well as to men and youth consumers; Mountain Hard Wear®, which provides apparel, accessories and equipment designed to meet the needs of climbing and climbers' everyday lifestyle; and prAna®, which focuses on clothing.
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Buy (3.43 out of 4)
(ranked higher than approx. 61% of all stocks covered)
Based on Zacks ABR data;
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