Heelys (HLYS +0.5%) agrees to be acquired by Sequential Brands for $2.25 a share in an all-cash...

|By:, SA News Editor

Heelys (HLYS +0.5%) agrees to be acquired by Sequential Brands for $2.25 a share in an all-cash deal. The merger is expected to close in the first quarter of 2013 if shareholders approve it.