TITLE

Liz Claiborne Acquires Prana

AUTHOR(S)
Leand, Thomas J.
PUB. DATE
December 2005
SOURCE
SGB;Dec2005, Vol. 38 Issue 12, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of Prana by Liz Clairborne Inc. The purchase price is $34.4 million consisting of an initial payment of $32.5 million and the retirement of debt at closing of approximately $1.9 million. Under the acquisition agreement, Prana's owners will receive additional payments based upon a multiple of Prana's earnings in the fiscal years 2008, 2009 and 2010. The transaction is expected to close in the fourth quarter of 2005.
ACCESSION #
19143428

 

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