Approximately 94.6% of the voting power of the Company voted in favor of the adoption of the Merger Agreement. The affirmative vote of 80% of the aggregate number of votes eligible to be cast by the holders of K•Swiss’ Class A common stock and Class B common stock, voting together as a single class, at the special meeting, was required to adopt and approve the Merger Agreement. K•Swiss’ stockholders, also approved at the special meeting, on an advisory, non-binding basis, compensation that may become payable to the Company’s named executive officers as a result of the merger.
K•Swiss currently anticipates closing the merger on or about April 30, 2013, subject to the satisfaction or waiver of the other previously disclosed closing conditions.
Goldman, Sachs & Co. is acting as financial advisor to K•Swiss, and Gibson, Dunn & Crutcher LLP is acting as legal advisor. Morgan Stanley & Co. is acting as financial advisor to E.Land, and Linklaters LLP is acting as legal advisor.
Founded more than forty years ago in Van Nuys, California, K•Swiss introduced the first all-leather tennis shoe, the K•Swiss “Classic” in 1966. Since its inception, K•Swiss has rooted itself in California Sport with an aim to be the most inspiring and innovative sports brand in the market. Today the Company offers performance and lifestyle footwear and apparel for several categories under its California Sports umbrella including Tennis Heritage, California Fit (Running, Triathlon and Fitness) and California Youth. K•Swiss also designs, develops and markets footwear under the Palladium brand.
Textiles | On 27th Apr 2017
The textiles department of the government of Maharashtra is working...
Apparel/Garments | On 27th Apr 2017
The European Commission (EC) has presented a set of focused actions...
Surat dominates foiling, embossing and pleating
Dolphin Jingwei Machines
Taxation policies need to be made simpler
Bolger & O'Hearn
‘The Indian market is interesting and rather persistent in seeking new...
Coating at a fibre level is a practice not usually seen in the...
Technical Absorbents Ltd
Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
Label Ritu Kumar
‘Classics will return’ "There are a lot of people wearing western clothes ...
Silvia Venturini Fendi
"Yes, my confidence and positive attitude are my strengths and should be...
Gildan Activewear SRL
Gildan Activewear, a manufacturer and marketer of branded clothing and...