Haggar Bought by Investment Firm
Dallas, Clothier Haggar Corp. was purchased for $212 million by a consortium led by buyout-specialist Infinity Associates LLC. Also participating in the transaction were Perseus LLC and Hong Kong-based manufacturer Symphony Holdings Inc.
The purchase price translates to $29 per share, representing a 25% premium over Haggar’s stock price at the closing of the Nasdaq Stock Market on Wednesday. If approved by Haggar’s shareholders, the transaction will close by the end of the year.