By Michele Maatouk
Date: Tuesday 10 Oct 2017
LONDON (ShareCast) - (ShareCast News) - Michael Kors' acquisition of Jimmy Choo has been given unconditional clearance by the European Commission following a Phase 1 review.
Jimmy Choo agreed back in July to be bought by Michael Kors for £896m.
Under the terms of the deal, Jimmy Choo shareholders will receive 230p per share, with an enterprise value of around $1.35bn.
The transaction, which got Russian antitrust clearance in September, is expected to give Jimmy Choo the opportunity to grow sales to $1bn and allow for a more balanced portfolio with greater diversification.
At 1505 BST, the shares were flat at 229.60p.
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Currency | US Dollars |
Share Price | $ 21.18 |
Change Today | $ 0.47 |
% Change | 2.27 % |
52 Week High | $42.64 |
52 Week Low | $12.48 |
Volume | 2,078,499 |
Shares Issued | 150.72m |
Market Cap | $3,192.14m |
Beta | 2.15 |
RiskGrade | 216 |
Strong Buy | 0 |
Buy | 2 |
Neutral | 10 |
Sell | 0 |
Strong Sell | 0 |
Total | 12 |
Time | Volume / Share Price |
15:59 | 239 @ $21.18 |
15:59 | 420 @ $21.19 |
15:59 | 400 @ $21.20 |
15:59 | 200 @ $21.19 |
15:59 | 200 @ $21.19 |
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