Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
WOLVERINE WORLD WIDE INC /DE/ entered into Inventory Purchase Agreement with ALDO U.S. Inc. valued at approximately $27 million, subject to a customary post-closing price adjustment, plus potential addi (effective 2024-01-10).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- ALDO U.S. Inc.
- Value
- approximately $27 million, subject to a customary post-closing price adjustment, plus potential addi
- Effective
- 2024-01-10
Exact text from the filing
Also effective as of January 10, 2024, the Company and the Company’s wholly-owned subsidiaries Hush Puppies Retail, LLC, Stride Rite Children’s Group, LLC, Wolverine Distribution, Inc., Wolverine World Wide Canada, ULC and SR/ECOM, LLC (the Company and such subsidiaries, collectively, the “Inventory Sellers”) entered into a Purchase Agreement with ALDO U.S. Inc. (“Aldo”), an affiliate of the Aldo Group (the “Inventory Purchase Agreement” and together with the IP Purchase Agreement, the “Purchase Agreements”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
WOLVERINE WORLD WIDE INC /DE/ entered into IP Purchase Agreement with ABG Intermediate Holdings 2 LLC valued at $70 million (effective 2024-01-10).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- ABG Intermediate Holdings 2 LLC
- Value
- $70 million
- Effective
- 2024-01-10
Exact text from the filing
Effective as of January 10, 2024, Wolverine World Wide, Inc. (the “Company”), the Company’s wholly-owned subsidiary, Saucony, Inc. (“Saucony”), and Saucony’s wholly-owned subsidiaries, Sperry Top-Sider, LLC and SR Holdings, LLC (such Saucony subsidiaries, the “Acquired Companies”), entered into a Purchase Agreement with ABG Intermediate Holdings 2 LLC (“ABG”), an affiliate of Authentic Brands Group LLC, (the “IP Purchase Agreement”).
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