Apparel & Accessories Retailers

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Stylepit A/S acquisition agreement with Conseptor not to go through

Thursday, 29 Jan 2015 10:20am EST

Stylepit A/S:Acquisition agreement with Conseptor is not to be conducted.Share purchase agreement relating to Stylepit's acquisition of 4 clothing brands and associated retail stores from Norwegian Conseptor AS is not implemented.Share purchase agreement conditions were not met.

Radiant Logistics to acquire canada-based Wheels Group Inc

Tuesday, 20 Jan 2015 09:33am EST

Radiant Logistics Inc:To acquire Wheels Group, Inc.Says through its newly formed wholly-owned subsidiary Radiant Global Logistics ULC, has agreed to acquire all of the outstanding common shares of Wheels.Combined company will continue to trade on the NYSE MKT under the symbol "RLGT.".To purchase Wheels for C$0.77 per common share, payable either in cash or by delivery of Radiant shares valued at US$4.25 per share, for a total equity value of about C$69 mln.Transaction is expected to close early in the second calendar quarter of 2015.

Foschini Group Ltd to acquire Poppy Holdco Ltd

Friday, 16 Jan 2015 12:30am EST

Foschini Group Ltd:Says it has entered into an agreement to acquire 85 pct of Poppy Holdco Limited, which trades as Phase Eight and is the holding company of Phase Eight (Fashion & Designs) Limited.Says it has acquired the group from funds advised by TowerBrook Capital Partners L.P., who are exiting the business completely, and management, who will become 15 pct shareholders alongside the company in a new holding company.Says through put/call arrangements, it has been agreed that the company will have the right to acquire and management the right to sell all shares held by management following completion of the acquisition in three equal tranches.Says the acquisition has been fully hedged.Says it acquires 88 pct of the equity value for a consideration of 140 mln Pounds(2,561 mln Rand), excluding transaction costs.Says the effective date of the acquisition is Jan. 15.Says it is financing the acquisition through a combination of proceeds from the sale of RCS Group and South African cash resources.


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Provider: Auerbach Grayson & Co., Inc.
Provider: GlobalData
Provider: GlobalData
Provider: Thomson Reuters StreetEvents
Provider: Auerbach Grayson & Co., Inc.

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