(LIZ, GLA, FNSR) CRWENewswire Stocks In Action
Liz Claiborne Incorporated - symbol LIZ - has agreed to sell its global Mexx business to The Gores Group, LLC, in exchange for 18.75% of the common equity of the joint venture and total cash consideration of $85 million; according to the company, this transactoin strengthens Liz Claiborne’s financial position and enables it to de-consolidate the losses from Mexx.
02 Sep 2011
Comentários