PVH Corp. announced that Basic Resources will acquire PVH‘s Warners, Olga and True & Co. businesses. The all-cash purchase price is $160M, subject to adjustment, plus an earnout based on the net sales on a portion of the acquired businesses for calendar 2024, with a maximum value of $10M. The transaction is expected to close at the end of November, subject to standard closing conditions. PVH intends to use the net proceeds from the transaction to repurchase shares of its common stock.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PVH:
- PVH Corp. initiated with an Outperform at Evercore ISI
- Buy/Sell: Wall Street’s top 10 stock calls this week
- JD.com upgraded, Paycom downgraded: Wall Street’s top analyst calls
- PVH Corp. downgraded to Negative from Mixed view at OTR Global
- J.P. Morgan Is Looking for the Silver Lining in the Current Market Headwinds — Here Are 2 Stocks the Banking Giant Likes Right Now