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Sequential Brands announces closing of Galaxy Brand Holdings Acquisition

Monday, 18 Aug 2014 08:00am EDT 

Sequential Brands Group Inc:Closes acquisition of Galaxy Brand Holdings, a portfolio company of The Carlyle Group.For a purchase price of about $100 mln in cash, 13.75 mln shares of common stock of the Company, and certain performance based warrants.In the transaction, Sequential has acquired four well-known consumer brands including fitness brand Avia and basketball brand AND1.