Wachtell Advises PVH In $3B Hilfiger Acquisition

By Shannon Henson

Law360, New York (March 15, 2010, 3:17 PM ET) -- Phillips-Van Heusen Corp. has reached a deal to acquire Tommy Hilfiger BV for approximately €2.2 billion ($3 billion) in cash and stock, bringing the clothing company under the same roof as fellow retailers Calvin Klein, Bass and Izod.

PVH said Monday that it would also assume €100 million ($137 million) in liabilities from Tommy Hilfiger, which is controlled by funds affiliated with Apax Partners LP. The transaction does not require a PVH stockholder vote and is expected to close during PVH's fiscal 2010 second quarter....
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