Brief: Whp Global And EXPR To Acquire Bonobos For A Combined $75 Million

Express

13/04/2023 21:16

April 13 (Reuters) - Express Inc  EXPR.N :
    * WHP GLOBAL AND EXPR TO ACQUIRE BONOBOS FOR A COMBINED $75
MILLION
    * EXPRESS INC - WHP GLOBAL WILL ACQUIRE BONOBOS BRAND
    * EXPRESS INC - TRANSACTION WILL BE ACCRETIVE TO OPERATING
INCOME
AND FREE CASH FLOW POSITIVE IN FISCAL 2023
    * EXPRESS INC - WHP GLOBAL AND EXPR HAVE ENTERED INTO A
DEFINITIVE
AGREEMENT WITH WALMART INC. TO ACQUIRE BONOBOS
    * EXPRESS INC - WILL ACQUIRE BONOBOS OPERATING ASSETS,
OPERATE
BONOBOS ECOMMERCE, GUIDESHOP, WHOLESALE BUSINESSES IN U.S.
    * EXPRESS INC - WHP GLOBAL WILL ACQUIRE BONOBOS BRAND FOR A
PURCHASE PRICE OF $50 MILLION
    * EXPRESS INC - WHP GLOBAL WILL ACQUIRE BONOBOS BRAND FOR A
PURCHASE PRICE OF $50 MILLION
    * EXPRESS INC - EXPR WILL ACQUIRE OPERATING ASSETS AND
ASSUME
RELATED LIABILITIES OF BONOBOS BUSINESS FOR A PURCHASE PRICE OF
$25 MILLION

Source text for Eikon:  ID:nBw7HTkhpa 
Further company coverage:  EXPR.N 

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