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Stock Market & Financial Investment News

News Breaks
February 26, 2013
07:03 EDTSHOOSteven Madden sees FY13 diluted EPS $2.95-$3.05, consensus $3.07
Sees FY13 EPS net sales to increase 6%-8% YoY.
News For SHOO From The Last 14 Days
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August 15, 2014
10:01 EDTSHOOOn The Fly: Analyst Upgrade Summary
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07:50 EDTSHOOSteven Madden upgraded to Buy from Neutral at Sterne Agee
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August 14, 2014
16:04 EDTSHOOSteven Madden acquires Dolce Vita Holdings for $60.3M in cash
Steve Madden announced that it has completed the acquisition of privately held Dolce Vita Holdings, which specializes in the design, sourcing and sale of branded and private label footwear. Dolce Vita had net sales in 2013 of approximately $111M. The acquisition was completed for $60.3M in cash subject to a working capital adjustment plus an earn-out provision based on future financial performance. The transaction is expected to be 2c-3c dilutive to EPS in FY14 and to be modestly accretive in FY15.

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