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Article: GETTING AHEAD
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- June 4, 2007
- Author:
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Dunstan Prial and Bloomberg News
The Record (Bergen County, NJ)
06-04-2007
GETTING AHEAD
Dunstan Prial and Bloomberg News
Date: 06-04-2007, Monday
Section: BUSINESS
Edtion: All Editions
Column: GETTING AHEAD
DEALS
New York-based Everlast Worldwide Inc. said it agreed to be bought by a New York-based investment group for more than $146 million in cash, putting the iconic boxing and sporting goods maker into private hands.
A consortium led by The Hidary Group will pay $26.50 per share, a 14.5 percent premium over Thursday's closing price. The per-share offer represents a 30 percent premium over Everlast's average closing price over the last month, the company said.
The all-cash transaction, which ...