Kathmandu hires Goldman Sachs to help assess Briscoe takeover, urges shareholders to wait

Wed, 01 Jul 2015

By Jonathan Underhill July 2 (BusinessDesk) - Kathmandu has urged shareholders to take no action on a full takeover offer from Briscoe Group pending the board's response and has retained Goldman Sachs as an adviser. Briscoe, the homewares and sports good retailer, yesterday offered 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 proposal puts an enterprise value of $418.2 million on Kathmandu and amounts to a 2015 price-earnings multiple of...

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