Proactiveinvestors United Kingdom Boot Barn Holdings Inc Proactiveinvestors United Kingdom Boot Barn Holdings Inc RSS feed en Fri, 19 Jul 2019 19:28:37 +0100 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[News - ABC-Mart to buy LaCrosse Footwear for $138-mln ]]> Japan-based athletic retailer ABC-Mart (TYO:2670) said Friday it has struck a deal to buy U.S.-based footwear maker LaCrosse (NASDAQ:BOOT) for $138 million in cash.

The $20 per share purchase price is an 82 per cent premium to LaCrosse’s Thursday closing stock price.

The company saw its stock skyrocket by more than 81 per cent to hit $19.88 on the Nasdaq.

Founded in 1897, LaCrosse makes mutli-season leather and rubber boots, hunting boots and fire boots.

LaCrosse’s board and some senior management – which collectively hold eight per cent of the footwear company’s stock – have already agreed to tender their shares to the deal.

After the deal’s completion, LaCrosse will become a unit of ABC-Mart and will continue to operate in Portland, Oregon.

The transaction, which is still subject to customary closing conditions, is slated to close by the third quarter 2012.

Fri, 06 Jul 2012 11:54:00 +0100