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Article: Rawlings Announces Interest From Potential Strategic Acquirer.
- Article from:
- PR Newswire
- Article date:
- November 27, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Rawlings Sporting Goods Company, Inc. announced today that its Board of Directors is carefully evaluating an expression of interest from a strategic party for the potential acquisition of Rawlings. The expression of interest contemplates a stock-for-stock transaction at a premium to Rawlings' current share price. The expression of interest is preliminary and non- binding and is subject to a number of conditions, including completion of due diligence, negotiation and execution of a definitive agreement, board and shareholder approval, and regulatory approval. The Board of Directors, with the assistance of its financial advisor, George K. Baum & Company, and its legal ...