Brief: KMD Brands Responds To Stokehouse Transaction Concept
24/03/2026 01:09
March 24 (Reuters) - KMD Brands Ltd KMD.NZ: RESPONSE TO STOKEHOUSE TRANSACTION CONCEPT CONFIRMS IT RECEIVED PROPOSED TRANSACTION CONCEPT FROM A US SURFWEAR COMPANY, STOKEHOUSE UNLIMITED KMD BRANDS ENGAGED WITH STOKEHOUSE INVOLVING CO DE-MERGING RIP CURL INTO SEPARATE NZX & ASX LISTED COMPANY KMD BRANDS BOARD OF DIRECTORS DETERMINED THAT IT IS NOT IN BEST INTERESTS OF SHAREHOLDERS AFTER DE-MERGER OF RIP CURL FROM KMD BRANDS, AND MERGER WITH STOKEHOUSE, STOKEHOUSE SHAREHOLDERS WOULD OWN 22% OF MERGED ENTITY Further company coverage: KMD.NZ ((Reuters.Briefs@thomsonreuters.com;))