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Bauer Performance Sports completes Easton Baseball/Softball acquisition
Bauer Performance Sports, a leading designer and manufacturer of high performance sports equipment and apparel, has completed the acquisition of the Easton Baseball/Softball business from Easton-Bell Sports.
Under the terms of the asset purchase agreement, BPS acquired Easton Baseball/Softball for a total all-cash consideration valued at $330 million, plus a working capital adjustment and fees. BPS expects the acquisition to be accretive to adjusted earnings per share in the first year of ownership.
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DSW to grow Canadian footprint with Town Shoes acquisition
DSW and Town Shoes Limited have entered into a definitive agreement whereby DSW will purchase for cash approximately 44% interest in Town Shoes, the largest footwear and accessories retailer in Canada, for CAD $68 million — or approximately $62 million based on current exchange rates.
The transaction has been approved by each company's board of directors and is expected to close in May, subject to customary closing conditions.