Tiger Brokers

BUZZ-Lands' End shares rise on joint venture announcement

Reuters
Jan 26
BUZZ-Lands' End shares rise on joint venture announcement

** Shares of casualwear chain Lands' End Inc LE.O rise 20.93% to $16.99 premarket

** Co and WHP Global form joint venture to unlock the value of Lands’ End’s intellectual property

** LE will receive $300 million of gross cash proceeds, deal enables full repayment of its term loan

** WHP Global to pay co in cash for 50% controlling ownership stake in joint venture

** WHP Global will commence tender offer for up to $100 million of Lands’ End shares at $45 per share

** Under agreement, LE will continue operating existing business using contributed intellectual property in exchange for royalty payments

** Stock rose 10.5% in 2025

(Reporting by Megha Anilkumar Nair)

((MeghaAnilkumar.Nair@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10