K-Swiss Shareholders Approve $170M E. Land Buyout

Law360, New York (April 26, 2013, 3:47 PM EDT) -- Iconic California footwear company K-Swiss Inc. has secured shareholder approval for a $170 million buyout by South Korean retail giant E. Land World Ltd. and plans to complete the deal by Tuesday, K-Swiss said Friday.

Roughly 94.6 percent of K-Swiss shareholders voted in favor of the buyout at a special meeting held at the company's Westlake Village, Calif., headquarters Friday morning. The shoe company needed at least 80 percent shareholder approval to close the deal with E. Land. 

K-Swiss said it anticipates completing the buyout "on...
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