![]() ![]() footwear business had about $465 million in revenues and generated a net profit of $21.8 million.Īrizona-based Ariat generated a net profit of $64.3 million in 2016. In its initial public offering in October 2014, the company said its U.S. The sources asked not to be identified because the matter is private.įounded in 1969, Ariat said it had about 1,350 full-time employees in the United States, and produced about 100 million pairs of cowboy boots and sneakers a year. business.Ī second source familiar with the matter said that Sycamore did not expect to make an offer for Arizona-based Ariat until after it had gotten the clearance of its shareholders, which is expected to take a few days. ![]() division to Sycamore for $2.6 billion in cash, subject to agreement on material terms.Ī company source told Reuters on Thursday that the shareholders of Sycamore had lined up several potential buyers for the U.S. It said it had entered into a letter of intent to sell its U.S. business to the private equity firm Sycamore Partners for $800 million.Īriat, which produces cowboy boots and boots for other outdoor and leisure brands such as Timberland, said it was in discussions with Sycamore about a business combination, which would allow it to “exit effectively, at a valuation that supports the value of its remaining U.S. bankruptcy and has reached a preliminary agreement to sell its prosperous U.S. Maligai Saman List In Tamil.pdf ✺✺✺ DOWNLOAD (Mirror #1)Ĭategory:Tamil Nadu literature(Reuters) – Ariat Corp ARW.N said on Friday it was considering filing for U.S. ![]()
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