TITLE

Hanesbrands Swallows GEAR for Sports

AUTHOR(S)
Cody, Tamika
PUB. DATE
August 2010
SOURCE
Mergers & Acquisitions Report;8/16/2010, Vol. 23 Issue 33, p27
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on an agreement entered into by Hanesbrands to purchase GEAR For Sports, the licensee apparel business of Gear Co. Inc., in the U.S. in 2010. It states the plan of Hanesbrands to pay about 55 million dollars in cash and assume the debt of GEAR For Sports, which is valued at 170 million dollars. It was noted that graphic apparel will comprise about 20% to 25% of the outerwear segment sales of Hanesbrands after the acquisition. Bryan Cave LLP is said to be the legal counsel of GEAR on the deal.
ACCESSION #
52941434

 

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