Caleres Announces Acquisition of Allen Edmonds
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Jefferies Remains Sidelined on Caleres (CAL) Following Announced Allen Edmonds Acquisition
December 14, 2016 7:55 AM ESTJefferies reiterated a Hold rating and $27.00 price target on Caleres (NYSE: CAL) following the company's announced acquisition of Allen Edmonds. Caleres will be acquiring Allen Edmonds for $255 million, subject to certain adjustments. The transaction will be funded through existing cash and borrowings under its... More
