Deckers Outdoor (DECK) Ramps on Takeover Speculation
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Deckers Outdoor Corp (NASDAQ: DECK) is higher early Monday as investors are overlooking subdued Black Friday sales and focusing instead on takeover speculation.
Bloomberg sparked renewed takeover speculation in the UGG-maker Monday following an article that highlighted value of the stock with shares down 56 percent.
Decker is seen as an attractive takeover target for private-equity firms and rivals such as VF Corp. (NYSE: VFC), owner of the North Face and Timberland brands, according to Wedbush.
Alternative Investment Management & Research SA said the company could be worth $50 per share in a deal, or a 51 percent premium to Friday's close.
Shares of Deckers are up 5.8 percent to $35 in pre-open trading Monday.
Bloomberg sparked renewed takeover speculation in the UGG-maker Monday following an article that highlighted value of the stock with shares down 56 percent.
Decker is seen as an attractive takeover target for private-equity firms and rivals such as VF Corp. (NYSE: VFC), owner of the North Face and Timberland brands, according to Wedbush.
Alternative Investment Management & Research SA said the company could be worth $50 per share in a deal, or a 51 percent premium to Friday's close.
Shares of Deckers are up 5.8 percent to $35 in pre-open trading Monday.
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