BRIEF-Kontoor Brands Announces Definitive Agreement To Acquire Helly Hansen-February 2024-www.financetom.com

BRIEF-Kontoor Brands Announces Definitive Agreement To Acquire Helly Hansen

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

BRIEF-Kontoor Brands Announces Definitive Agreement To Acquire Helly Hansen

Feb 19, 2025 3:52 AM

Feb 19 (Reuters) - Kontoor Brands Inc ( KTB ):

* KONTOOR BRANDS ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE

ICONIC

GLOBAL OUTDOOR AND WORKWEAR BRAND HELLY HANSEN®

* KONTOOR BRANDS INC ( KTB ) - HELLY HANSEN EXPECTED TO GENERATE

$680

MILLION REVENUE IN 2025

* KONTOOR BRANDS INC ( KTB ) - PURCHASE PRICE APPROXIMATELY $900

MILLION,

11X TRANSACTION MULTIPLE

* KONTOOR BRANDS INC ( KTB ) - TRANSACTION TO BE FINANCED WITH CASH

HAND AND NEW DEBT

* KONTOOR BRANDS INC ( KTB ): DEAL IMMEDIATELY ACCRETIVE TO REVENUE,

EARNINGS AND CASH FLOW OF CO

Source text:

Further company coverage:

Previous page： Uber to acquire 85% stake in Trendyol GO food delivery business for $700 million Next page： IPG Photonics Q1 Adjusted Earnings, Revenue Fall; Q2 Outlook Issued

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Uber to acquire 85% stake in Trendyol GO food delivery business for $700 million

May 26, 2025

(Reuters) - Uber Technologies ( UBER ) said on Tuesday it has entered into an agreement with Turkish e-commerce firm Trendyol Group to acquire an 85% stake in its Trendyol GO online food delivery business for about $700 million in cash. (Reporting by Deborah Sophia in Bengaluru; Editing by Shinjini Ganguli) ...

IPG Photonics Q1 Adjusted Earnings, Revenue Fall; Q2 Outlook Issued

May 26, 2025

08:29 AM EDT, 05/06/2025 (MT Newswires) -- IPG Photonics ( IPGP ) reported Q1 adjusted earnings Tuesday of $0.31 per diluted share, down from $0.50 a year earlier. Two analysts polled by FactSet expected $0.25. Revenue for the quarter ended March 31 was $227.8 million, compared with $252 million a year earlier. Analysts surveyed by FactSet expected $225 million. For...

Update: Marriott International's Q1 Adjusted Earnings, Revenue Rise; Room Revenue Guidance Lowered

May 26, 2025

08:33 AM EDT, 05/06/2025 (MT Newswires) -- (Update with lowered full-year revenue guidance figures in final paragraph.) Marriott International ( MAR ) reported Q1 adjusted earnings Tuesday of $2.32 per diluted share, up from $2.13 a year earlier. Analysts polled by FactSet expected $2.25. Revenue for the quarter ended March 31 was $6.26 billion, up from $5.98 billion a year...

Google agrees $36 million fine for anti-competitive deals with Australia telcos

Aug 17, 2025

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...