Iconix Brand Group Sale Closes
A Lancer Capital affiliate has completed the acquisition of ICON shares at a price of $3.15, giving the struggling licensor’s equity a valuation of just over $46.5 million. Including assumed debt, the total value of the deal is about $585 million. A total of 8,193,534 shares, or about 56% of the float, were validly tendered by the July 30 deadline, satisfying the minimum condition for the deal to close. Not everybody was happy with the ... Log in to view full article.