BRIEF-Kontoor Brands Announces Definitive Agreement To Acquire Helly Hansen

Reuters

02-19

BRIEF-Kontoor Brands Announces Definitive Agreement To Acquire Helly Hansen

Feb 19 (Reuters) - Kontoor Brands Inc KTB.N:

KONTOOR BRANDS ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE ICONIC GLOBAL OUTDOOR AND WORKWEAR BRAND HELLY HANSEN®
KONTOOR BRANDS INC - HELLY HANSEN EXPECTED TO GENERATE $680 MILLION REVENUE IN 2025
KONTOOR BRANDS INC - PURCHASE PRICE APPROXIMATELY $900 MILLION, 11X TRANSACTION MULTIPLE
KONTOOR BRANDS INC - TRANSACTION TO BE FINANCED WITH CASH ON HAND AND NEW DEBT
KONTOOR BRANDS INC: DEAL IMMEDIATELY ACCRETIVE TO REVENUE, EARNINGS AND CASH FLOW OF CO

Source text: ID:nBw7x43fba

Further company coverage: KTB.N

((Reuters.Briefs@thomsonreuters.com;))

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