Friday, June 29, 2007

UPDATE 1-Hidary raises offer price for Everlast Worldwide

(Reuters) - Hidary also said it would be prepared to consider a further
increase in its offer, should Everlast's termination fee in
connection with its Brand Holdings transaction be invalidated.




On Thursday, Everlast said it had agreed to be acquired by
Brand Holdings, a unit of Sports Direct International Plc
, for $30 a share in cash, after it terminated its
original merger agreement with Hidary.


Read more at Reuters.com Mergers News

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