American Eagle Outfitters Acquires Tailgate Clothing Company
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Mizuho Securities Remains Neutral on American Eagle Outfitters (AEO) Following Todd Snyder Acquisition Announcement
November 3, 2015 10:49 AM ESTMizuho Securities maintained a Neutral rating and $18.00 price target on American Eagle Outfitters (NYSE: AEO) following the announced acquisition of the parent company that owns Tailgate, Todd Snyder. Key executives will remain with the company including the Founder and Creative Director, Todd... More
American Eagle Outfitters (AEO) Acquires Tailgate Clothing Company, Boosts Q3 Outlook
November 3, 2015 6:05 AM ESTAmerican Eagle Outfitters (NYSE: AEO) announced the acquisition of Tailgate Clothing Company, which owns and operates Tailgate, a vintage, sports-inspired apparel brand with a college town store concept, and Todd Snyder New York, a premium menswear brand. Founder and Creative Director, Todd Snyder joins as Executive Vice President, reporting to Chad Kessler, Global Brand President, American Eagle Outfitters. Jimmy Olsson joins as Vice President and will continue to lead the day-to-day operations of Tailgate and Todd Snyder New York. The purchase price was approximately $11 million paid in cash and stock.
We... More
