dELiA*s (DLIA) to Sell CSS Brand to Foot Locker (FL) for $102M in Cash
More News related to ALOY
- Alloy, Inc. (ALOY) Reports a Q1 Loss
- Alloy Reports First Quarter Fiscal 2009 Results
- Alloy, Inc. First Quarter Earnings Conference Call Notice
- Morning Movers: Xerox (XRX) Lower On Profit Warning, Dry Bulk Shippers Lower On Downgrade (ESEA, EGLE, DSX)
- After-Hours Movers: SCSS, HWD, ANTP, LNC Higher; BBI, ALOY Lower
More News related to DLIA
- dELiA*s, Inc. to Implement Yacobian's Customer Interaction Management System(SM)
- dELiA*s (DLIA) Tops Q1 EPS by 2c
- dELiA*s, Inc. Announces First Quarter 2009 Results
- dELiA*s, Inc. to Report First Quarter 2009 Results on May 28, 2009
- dELiA*s (DLIA) CFO Resigns; David Dick Named as Replacement
More News related to FL
- Analyst Downgrades Foot Locker (FL), Finish Line (FINL) to Hold
- Foot Locker (FL) Announces Retirement of CEO; Ken C. Hicks Named as Successor
- Foot Locker, Inc. Names Ken C. Hicks as President and Chief Executive Officer
- BB&T Capital Initiates Coverage on Foot Locker (FL)
- Oppenheimer Initiates Coverage on Shoe Retailers
More News related to Mergers and Acquisitions
- Bemis Co (BMS) Acquires Alcan Packaging Food Americas Business From Rio Tinto's (RTP) for $1.2B
- Covanta (CVA) Agrees to Acquire Veolia (VE) Environmental Services North Amreica
- EMC Corp (EMC) Raises Offer For Data Domain (DDUP) to $33.50/Share
- Cubic (CUB) Agrees to Acquire Operations Center, Licenses on Certain Software from Vix ERG Pty Ltd.
- EMC (EMC) Raises It Offer to Buy Data Domain (DDUP) to $33.50/Share
dELiA*s, Inc. (NASDAQ: DLIA) today announced that it has entered into an agreement to sell the assets related to its CCS brand to Foot Locker, Inc. (NYSE: FL) for $102 million in cash, subject to adjustment as provided in the agreement.
In connection with this transaction, dELiA*s entered into separate agreements with Alloy, Inc. (NASDAQ: ALOY) pursuant to which dELiA*s agreed to acquire from Alloy certain intellectual property assets used specifically in the CCS business (which will be transferred to Foot Locker at closing) and to purchase specified media services from Alloy, for aggregate consideration of approximately $9 million.
dELiA*s, Inc. operates as a direct marketing and retail company in the United States.
Related Categories
Mergers and AcquisitionsStocks Mentioned
-0.09
+19.56Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
