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April 27, 2001 | Marla Dickerson
Nautica Enterprises Inc. has agreed to buy trendy Los Angeles jeans maker Earl Jean Inc. in a cash-and-stock deal potentially worth about $65 million. Publicly traded Nautica will pay $45 million in cash and 1.12 million new shares of stock, according to a news release by the New York-based apparel company. Based on Thursday's closing price of $17.61, the stock portion of the deal would be worth $19.7 million. The deal is expected to close by early May.
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BUSINESS
April 27, 2001 | Marla Dickerson
Nautica Enterprises Inc. has agreed to buy trendy Los Angeles jeans maker Earl Jean Inc. in a cash-and-stock deal potentially worth about $65 million. Publicly traded Nautica will pay $45 million in cash and 1.12 million new shares of stock, according to a news release by the New York-based apparel company. Based on Thursday's closing price of $17.61, the stock portion of the deal would be worth $19.7 million. The deal is expected to close by early May.
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BUSINESS
July 1, 2004 | Dawn Wotapka, Times Staff Writer
One of the nation's denim kings can now add shoes to a closet also brimming with backpacks and bras. Shareholders of Vans Inc., the California shoemaker, voted Wednesday in favor of being acquired by VF Corp. for $396 million, or $20.55 a share. More than 99% of votes cast endorsed selling to Greensboro, N.C.-based VF, the nation's largest publicly held apparel company. Vans will keep its Santa Fe Springs headquarters and will shed few of its roughly 1,600 employees, many in California.
BUSINESS
July 8, 2003 | From Reuters
VF Corp., the world's largest jeans maker, Monday said that it agreed to buy designer Nautica Enterprises Inc. for about $586 million, expanding into brands sold in upscale department stores. Nautica, known for preppy, all-American styles that compete with those of Tommy Hilfiger Corp. and Polo Ralph Lauren Corp., also owns the pricey Earl Jeans brand. Greensboro, N.C.
BUSINESS
April 28, 2004 | James F. Peltz, Times Staff Writer
Vans Inc., a trailblazing Southern California maker of shoes for skateboarders, agreed Tuesday to be bought by apparel giant VF Corp. for $396 million in cash. Vans would retain its name and headquarters in Santa Fe Springs, but the proposed purchase by Greensboro, N.C.-based VF -- the nation's largest publicly held apparel company and a major producer of jeans and bras -- would mean a notable shift for an icon of youth culture.
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