Sequential Brands Group Signs Definitive Agreement to Acquire GAIAM Yoga Brand

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Piper Jaffray Remains Bullish on Sequential Brands (SQBG) Following Announced Acquisition of Gaiam

May 11, 2016 6:52 AM EDT

Piper Jaffray maintained an Overweight rating and $11.00 price target on Sequential Brands (NASDAQ: SQBG) following the company's announced acquisition of the yoga brand Gaiam. The deal is expected to close in the next 60 days. Currently, Gaiam sells a plethora of yoga clothing and related products in major retailer in the U.S.. The deal is expected to be... More