July 1, 2004 |
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.
April 28, 2004 |
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.