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News Breaks | | | | October 31, 2012 | | 06:42 EDT |  | PVH, WRC | PVH Corp. to acquire Warnaco
PVH Corp. (PVH) and Warnaco (WRC) announced that they have entered into a definitive merger agreement pursuant to which PVH will acquire Warnaco and holders of Warnaco common stock will receive $51.75 in cash and .1822 of a share of PVH common stock for each share of Warnaco common stock. The transaction values Warnaco at approximately $2.9B. PVH anticipates approximately $100M of annual run rate synergies from the transaction, which will be fully realized over three years. In order to achieve these synergies, PVH expects to incur one-time costs of approximately $175M over three years. PVH expects the transaction to be 35c per share accretive to earnings in the first full year, excluding one-time integration costs and transaction expenses but including the effect of the potential loss of a license. When the $100M of expense synergies are fully realized in year 3, PVH would expect the transaction to be accretive to earnings by $1.00 per share, excluding one-time integration costs and including the effect of the potential loss of a license. | |
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News For PVH;WRC From The Last 14 Days Check below for free stories on PVH;WRC the last two weeks. |
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| May 14, 2013 | | 08:06 EDT |  | PVH | BofA/Merrill's retail analysts hold an analyst/industry conference call
Global Retail Team discusses key global athletic themes including industry trends, sourcing costs outlook and favorite investment ideas on an Analyst/Industry conference call. Relevant covered companies COLM, COST, DKS, FINL, FL, GES, JNY, NKE, PVH, RL, TGT, UA and WMT may be included on the Analyst/Industry conference call to be held on May 14 at 10 am. | |
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