Textiles & Apparel M&A » By The Online Investor Staff, updated Sat., Mar. 28, 5:42 PM
Recent mergers and acquisitions in the Textiles & Apparel M&A category.
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Slide #22. Sequential Brands Group, Inc. — Heelys, Inc.
Acquirer:
Sequential Brands Group, Inc. (NASDAQ:SQBG)
Acquiree:
Heelys, Inc.
Details:
Sequential Brands Group, Inc. (OTC:SQBG) ("Sequential" or the "Company") announced today that it has completed the merger of Heelys, Inc. ("Heelys") with and into a subsidiary of Sequential. The Company entered into an agreement and plan of merger dated December 7, 2012 to acquire Heelys subject to certain terms and conditions that have since been fulfilled, and the approval by the Heelys stockholders which was confirmed on January 24, 2013.
Sequential Brands Group is a licensing and brand management company. Co. owns consumer brands in the home, active and fashion categories, including Martha Stewart, Jessica Simpson, AND1, Avia, Joe's and GAIAM. Co. has license agreements with partners that are responsible for manufacturing and distributing its licensed products and primarily responsible for the design of such licensed products. Co.'s brands are licensed for a range of product categories, including apparel, footwear, fashion accessories and home goods, as well as, with respect to its Martha Stewart brand, food, wine and a variety of media related assets, such as magazines, books and other print and digital content.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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