The company will pay $183.7 million, or $26.64 per share, for half of Blackstone’s shares, and the PE fund will convert its remaining preferred shares into approximately 6.9 million shares of CROX common stock. Crocs will pay Blackstone a $15 million fee for the privilege. CROX shares were around $15 at the time of the 2014 Blackstone investments, and are trading at almost twice that price today, benefitting from the company’s efforts to overhaul its global distribution and cut SG&A. Blackstone got two seats on the Crocs board as part of the original deal, but going forward the right to ... Log in to view full article.