Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Brands Holdings Ltd. > News item |
Everlast shareholders say yes to merger with Brands Holdings
By Lisa Kerner
Charlotte, N.C., Sept. 19 - Everlast Worldwide Inc. shareholders approved the company's acquisition by Brands Holdings Ltd. at a special meeting on Wednesday.
The company said 2,664,794 shares of Everlast common stock, or over 65% of the outstanding shares, were voted in favor of the merger. Of the shares voted, over 99% voted in favor of the deal, according to a company news release.
On June 29, Everlast said it had amended its definitive agreement with Brands Holdings, upping the per-share price to $33 from $30.
Brands Holdings is a private company incorporated in England and Wales and a subsidiary of Sports Direct International plc, a publicly traded company listed on the London Stock Exchange.
New York-based Everlast designs, manufactures and markets boxing and fitness-related sporting goods equipment.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.