Piper Jaffray Remains Bullish on Sequential Brands (SQBG) Following Announced Acquisition of Gaiam
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Sequential Brands Group Signs Definitive Agreement to Acquire GAIAM Yoga Brand
May 10, 2016 4:47 PM EDTNEW YORK, May 10, 2016 (GLOBE NEWSWIRE) -- Sequential Brands Group, Inc. (NASDAQ: SQBG) (Sequential or the Company) announced today that it has signed a definitive agreement to acquire the branded consumer product business from GAIAM, Inc. (NASDAQ: GAIA) (GAIAM) for a total purchase price of approximately $146 million in cash.
... MoreGAIAM to Sell Branded Products Business to Focus on Lifestyle Streaming Media
May 10, 2016 4:40 PM EDTBOULDER, CO -- (Marketwired) -- 05/10/16 -- GAIAM, Inc. (NASDAQ: GAIA), a lifestyle company, has entered into definitive agreements to sell its branded consumer product business. These transactions follow the sale of the Company's travel business on May 4, 2016. The combined gross proceeds of these transactions total approximately $180 million.
Sequential Brands Group, Inc. (NASDAQ: SQBG) and its operating partner Fit For Life LLC have agreed to acquire GAIAM's branded consumer products business for $167 million in cash, subject to standard closing and post-closing adjustments. GAIAM expects its current net... More
