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Article: TOMMY ON THE BLOCK: BOOK OUT ON HILFIGER, BIDDERS ARE CIRCLING.
- Article from:
- WWD
- Article date:
- August 18, 2005
CopyrightCOPYRIGHT 2005 Conde Nast Publications, Inc. 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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Byline: Vicki M. Young, With contributions from Marc Karimzadeh, Julee Greenberg, Meredith Derby and Amy S. Choi
NEW YORK -- Tommy Hilfiger Corp. is up for sale, and it may come with a hefty price tag.
According to a source specializing in mergers and acquisitions, Hilfiger is being quietly shopped around to select, potential buyers. A prospectus, known as a "book," is available, but it's not widely circulated, and J.P. Morgan Chase is said to be the investment adviser, according to buy-side analysts.
Sources said the asking price is at least $1.82 billion, but could go as high as $2.16 billion. The deal could net Tommy Hilfiger himself up to ...