HALISTER: G-III to Buy Donna Karan International From LVMH for $650m

G-III to Buy Donna Karan International From LVMH for $650m

(Bloomberg) -- Purchase of the women’s clothing brand will close in late 2016 or early 2017 and will be dilutive in the year to Jan. 31, 2018, G-III and LVMH say in a statement.
  • Purchase will be accretive after that date, the statement says
  • G-III will take on new debt, and will also use $75m of new stock and a $75m 6 1/2 year seller note to pay
  • G-III has financing commitments from Barclays and JPMorgan Chase.
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
MC FP (LVMH Moet Hennessy Louis Vuitton SE)
GIII US (G-III Apparel Group Ltd)

To de-activate this alert, click here

UUID: 7947283