PPR Delists Volcom After Acquisition
24 Junho 2011 - 4:31AM
Dow Jones News
French retail to luxury group PPR SA (PP.FR) Friday said it
delisted the shares of recently acquired U.S. skate and surf
apparel maker Volcom Inc. (VLCM).
MAIN FACTS:
- In connection with the completion of the transaction, Volcom's
common stock ceased to be traded on the Nasdaq Stock Market
following market close on Thursday, June 23 and will be
delisted.
- Volcom has become an indirect wholly owned subsidiary of
PPR.
- Detailed instructions will be mailed to former Volcom
stockholders who did not tender their shares into the offer
outlining the steps to be taken to obtain the merger consideration
of $24.50 per share in cash.
- By Paris Bureau, Dow Jones Newswires; +331-4017-1740;
inti.landauro@dowjones.com
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