February 15, 2021
Cerberus Capital Management and Dorel’s controlling Schwartz family called off tomorrow’s vote to approve the deal after it became clear that a majority of independent shareholders opposed the buyout.
Net income at multi-banner Japanese retailer Xebio slipped 46% to ¥888 million ($8.3 mm) from ¥1,655 million in the first nine months of its fiscal year, on 14% lower sales of ¥149,662 million ($1,401.3 mm) down from ¥173,948 million.
On the last day of the month-long Hart-Scott-Rodino waiting period, the Federal Trade Commission requested additional information from SPWH and prospective acquirer Great Outdoors Group.
Nike and Brand Jordan’s sponsorship of UCLA is worth less that half as much as the Under Armour deal that preceded it, the Los Angeles Times reported.
Yeti is suing Igloo Products Corp. in Houston, TX, federal court, accusing it of infringing on utility and design patents with its Reactor bag and backpack coolers.