PVH Corp (NYSE:PVH) reported that it is going to acquire Warnaco Group for $2.9 billion, in a deal that will bring together brands like Calvin Klein, Tommy Hilfiger, Speedo and Warner's.
According to this deal, Warnaco common stock holders will get $51.75 in cash and 0.1822 of one PVH share for each Warnaco share.
Board of Directors of Warnaco has solidly acclaimed that Warnaco stockholders approve the transaction.
Company expects an added 35 cents a share to earnings in the first full year after the closing of the deal, which is projected in early 2013.
PVH Corp (NYSE:PVH) traded with volume of 5.93 million shares in last session which was unexpectedly higher versus average trading capacity of 674,666 shares. The stock traded with opening bell at $109.45, gained the maximum price level of $112.47 and then finished the day at $109.99 by scoring 20.21%.
PVH remained successful in generating revenue of $5.95 billion in the trailing twelve months and made net income of $355.99 million. The Company maintained a positive 6.29% for the net profit margin and in its operating margin it scored 10.21%. Company’s yearly revenue change for the last five years was 23.02%.
The PVH’s price to sales ratio is 1.30 and price to cash ratio is 29.62 for the past 12 months. As far as the returns from the company is concerned, return on assets remained as 5.48%.
The stock showed upbeat performance of 15.28% for the week which was maintained for the month at -17.36%. Likewise the positive performance for the trailing 3 months was recorded as 38.53% and in last year was 47.38% while the performance so far in current year remains at 56.26%.
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