Everlast to be acquired

May 2007
WSA: Performance & Sports Materials;May/Jun2007, Vol. 13 Issue 3, p9
The article reports on the definitive agreement signed by boxing and fitness related sporting goods equipment manufacturer Everlast Worldwide Inc. to be acquired by investor group The Hidary Group. According to the author, Everlast will be acquired for $26.50 per share in cash. The total value of the all-cash transaction is more than $146 million. The deal is expected to be finished during the third quarter of 2007.


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