Davis Polk & Wardwell and Ropes & Gray secured the lead roles on the planned $2 billion acquisition of The Timberland Company by apparel retailer VF Corporation, announced Monday.
VF agreed to pay Timberland investors $43 a share, a more than 40 percent premium to last week’s closing price. VF expects the acquisition to boost its 2011 sales by $700 million and earnings per share by 75 cents the following year. The deal is scheduled to close in the third quarter, subject to Timberland stockholder approval.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
