Apex Global Brands Acquired by Galaxy Universal
The struggling owner of Hi-Tec, Magnum, Tony Hawk and other brands has arranged to be acquired by Galaxy Universal in a $2.00 per share, all cash deal. Interestingly, APEX shares were up 7% to $2.62 on the announcement, suggesting that the offered price might not be the last word. Galaxy Universal is a wholesaling, sourcing and brand management that focuses on the athletic, work and outdoor categories. ... Log in to view full article.