Sequential Brands soars on deal to buy Galaxy Brand

Sequential's portfolio expands from 8 to 12 brands, adding Avia, AND1, Nevados, and Linens 'N Things with the purchase of Galaxy Brands for $100M in cash and 13.75M in shares. Galaxy owner Carlyle Group will become a significant shareholder in Sequential and take one seat on the company board.

SQBG +15% premarket

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs