2007
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Another one of those inspirational post something we will probably all eventually do is sell our company to take it to another level.
Kellwood if you remember also bought out urban clothing brand Phat Farm and Baby Phat amongst other large clothing companies and is a leading marketer of apparel and soft goods. Their portfolio consist of many leading brands (Izod) that we wear everyday and the buyout price reflects that….even though I would have expected higher.
After the announcement their share prices jumped because of the offer from Sun Capital (a private investment firm) at a 38% increase for $21 per share from their closing price of $15 a week earlier. I guess everybody wants in on this deal. With an initial offer of $543.9 as of now and could increase depending on how things go for the next few weeks.
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