Brief: Kontoor Brands Announces Definitive Agreement To Acquire Helly Hansen

Canadian Tire

19/02/2025 11:34

Feb 19 (Reuters) - Kontoor Brands Inc  KTB.N :
    * KONTOOR BRANDS ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE
ICONIC
GLOBAL OUTDOOR AND WORKWEAR BRAND HELLY HANSEN®
    * KONTOOR BRANDS INC - HELLY HANSEN EXPECTED TO GENERATE
$680
MILLION REVENUE IN 2025
    * KONTOOR BRANDS INC - PURCHASE PRICE APPROXIMATELY $900
MILLION,
11X TRANSACTION MULTIPLE
    * KONTOOR BRANDS INC - TRANSACTION TO BE FINANCED WITH CASH
ON
HAND AND NEW DEBT
    * KONTOOR BRANDS INC: DEAL IMMEDIATELY ACCRETIVE TO REVENUE,
EARNINGS AND CASH FLOW OF CO

Source text:  ID:nBw7x43fba 
Further company coverage:  KTB.N 

 ((Reuters.Briefs@thomsonreuters.com;))