Cherokee (CHKE) Prices 3.685M Share Stock Offering for Proceeds of ~$35M; Enters Hi-Tec Acquisition Documents
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Cherokee (CHKE) to Offer Common Stock; Announces Preliminary Financial Results
November 28, 2016 4:15 PM ESTCherokee Inc. (NASDAQ: CHKE) announced the launch of a public offering of shares of its common stock, announced preliminary financial results for its third quarter fiscal 2017 and provided guidance on the fiscal years ending January 28, 2017 and February 3, 2018.
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Cherokee (CHKE) to Acquire Hi-Tec Sports International
November 28, 2016 4:14 PM ESTCherokee Global Brands (Nasdaq: CHKE) announced that it intends to enter into a share purchase agreement to acquire Hi-Tec Sports International Holdings B.V. (Hi-Tec), a global footwear company.
Transaction Highlights:
The Hi-Tec business to be converted to a branded licensing model, consistent with CGBs strategy. CGB has secured license agreements for core footwear categories that will strengthen and expand our presence in the United Kingdom, Continental Europe, The United States, Canada... MoreCherokee (CHKE) trading halted with news pending
November 28, 2016 4:00 PM ESTCherokee (NASDAQ: CHKE) trading halted with news pending.
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