Wrangler owner to acquire Timberland

Bootmaker Timberland is to be bought by the owner of the Wrangler, Nautica and North Face clothing brands, in a $2bn (€1.4bn) deal unveiled today.

Wrangler owner to acquire Timberland
Mon, 13 Jun, 2011 - 17:27

Bootmaker Timberland is to be bought by the owner of the Wrangler, Nautica and North Face clothing brands, in a $2bn (€1.4bn) deal unveiled today.

Timberland has agreed a deal with VF Corporation after it offered $43 (€29.91) per share, a premium of 43% to the latest closing price. They expect to complete the deal in the third quarter of 2011.

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CourtsBusinessHeathrowPlace: North CarolinaPlace: USPlace: JapanPlace: UKPlace: New HampshirePerson: Eric WisemanPerson: Jeffrey SwartzOrganisation: WranglerOrganisation: TimberlandOrganisation: NauticaOrganisation: North FaceOrganisation: VF CorporationOrganisation: VFOrganisation: VansOrganisation: ReefOrganisation: JansportOrganisation: EastpakOrganisation: EarthkeepersOrganisation: Smartwool
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