French luxury-goods conglomerate PPR agrees to buy U.S. sportswear company Volcom (VLCM) for...

|By:, SA News Editor

French luxury-goods conglomerate PPR agrees to buy U.S. sportswear company Volcom (VLCM) for $24.50 a share, or $608M. Premarket: VLCM +24% to $24.40.