Zumiez decides not to pursue West 49 - sportstextiles: Lea SportsTextiles

News

Zumiez decides not to pursue West 49

14/07/2010
Action sports related apparel, footwear, equipment and accessories retailer Zumiez has decided not to pursue its acquisition of Canadian action sport retailer West 49.

On July 9, West 49 issued a press release announcing that Zumiez was prepared to make an offer to acquire the company for a cash price in excess of C$1.30 per share (see sportstextiles 12.07.10).

Zumiez says it has decided not to continue with its proposal because it was unable to reach an agreement with the brand on the terms of the due diligence process.




Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.