Liz Claiborne Inc. (NYSE:LIZ) announced that it has agreed to sell its global Mexx business to a joint venture in exchange for 18.75% of the common equity of the joint venture and total cash consideration of $85 million, subject to working capital closing adjustments, which includes $60 million of ABL facility debt that is expected to be assumed by the joint venture and refinanced at closing.
Read full article:http://bestotc.com/18024/stock-alerts/liz-crwe-gro-dyn-stocks-report-by-bestotccom/
(LIZ, CRWE, GRO, DYN) Stocks Report by BestOtc.com
September 3rd, 2011 at 09:44 am