Duke to retain control as Briscoe offers 89.7 mln shares, $32.3M cash for rest of Kathmandu

Wed, 01 Jul 2015

By Jonathan Underhill July 1 (BusinessDesk) - Briscoe Group launched its full takeover of Kathmandu, offering 89.7 million of its own shares and $32.3 million cash for the 80.1 percent of the outdoor equipment and clothing chain it doesn't already own. The offer amounts to $1.80 per Kathmandu share, based on $2.88 per Briscoe share, the homeware and sporting goods retailer said in its offer documents. It also amounts to a 2015 price earnings multiple of 15.5 times and an enterprise value to earnings before interest and tax multiple of 11...

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