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(LIZ, GLA, FNSR) CRWENewswire Stocks In Action

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Video Details

Duration: 1 minute and 36 seconds
Country: United States
Language: English
Views: 29
Posted by: karmastock on Sep 2, 2011

Liz Claiborne Incorporated - symbol LIZ - has agreed to sell its global Mexx business to The Gores Group, LLC, in exchange for 18.75% of the common equity of the joint venture and total cash consideration of $85 million; according to the company, this transactoin strengthens Liz Claiborne’s financial position and enables it to de-consolidate the losses from Mexx.

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