Skadden Reps DSW Shareholder In $800M Stock Swap

Law360, New York (February 9, 2011, 3:45 PM EST) -- Discount shoe retailer DSW Inc. has agreed to acquire Retail Ventures Inc., its largest shareholder, through a tax-free stock swap valued at approximately $800 million.

After the deal goes through, RVI — a company whose only current operation is its 62 percent stake in DSW — will become a wholly owned subsidiary of the footwear chain, the companies said Tuesday.

The transaction, which requires approval by shareholders of both companies, provides for each RVI share to be traded for 0.435 DSW shares.

For accounting purposes, DSW...
To view the full article, register now.