Wachtell Guides PVH’s $2.9B Buy Of Warnaco Group

Law360, New York (October 31, 2012, 2:35 PM EDT) -- Global fashion house PVH Corp. has made a deal to pick up competitor The Warnaco Group Inc. for $2.9 billion, which will create one of the world’s largest lifestyle apparel companies, it announced Wednesday.

Per the merger deal, Warnaco Group shareholders will get $51.75 in cash and $16.68 in PVH common stock for each Warnaco share, which represents a 34 percent premium over the stock’s closing price on Tuesday, according to PVH. Approved by both companies’ boards, the deal is expected to close in early 2013...
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