TBL
Timberland Co.NYSE
TBL is defunct.
  • Jun. 13, 2011, 10:23 AM
    Usually it doesn't work this way: VF Corp. (VFC +10.8%) soars after its $2B deal for Timberland (TBL +42.9%). The M&A rule of thumb - the stock price of the buyer gets pounded over worries that the price paid is too high - has come undone lately because Wall Street is welcoming industry consolidation on hold since the crisis. Footwear peers: SHOO +1.9%, DECK +1.7%. SKX +0.6%.
    | Jun. 13, 2011, 10:23 AM
  • Jun. 13, 2011, 7:14 AM

    VF Corp. (VFC) to buy Timberland (TBL) for $43/share, for a total enterprise value of ~$2B net of cash acquired. The deal is expected to be accretive to VF's EPS by $0.25 in 2011 and by $0.75 in 2012, inclusive of deal costs. (PR)

    | Jun. 13, 2011, 7:14 AM