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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 an outdoor and active lifestyle apparel and footwear company. Co. is engaged in designing, sourcing, marketing, and distributing outdoor and active lifestyle apparel, footwear, accessories, and equipment. Co. develops and manages its merchandise in two categories: apparel, accessories and equipment, which is designed to be used for outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, yoga, and adventure travel; and footwear, which includes hiking boots, trail running shoes, rugged cold weather boots for activities on snow and ice, sandals and shoes for use in water activities, and casual shoes for everyday use.
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Buy (3.43 out of 4)
(ranked higher than approx. 60% of all stocks covered)
Based on Zacks ABR data;
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