After a steep stock decline this year, Deckers Outdoor Corp.
(DECK) could be an attractive acquisition target for private-equity
firms and rivals like VF Corp. (VFC), Bloomberg News reported.
The maker of UGG and Teva brand shoes has the cheapest valuation
of any U.S. footwear and accessories maker larger than $1 billion,
according to data compiled by Bloomberg. The company's market
capitalization stood at $1.24 billion in early Monday trade.
An unusually warm winter and waning demand for its UGG brand has
put a damper on Deckers sales of late, worrying investors. The
stock is down 53% so far this year.
A spokesman for the company didn't respond to a request for
comment.
Full story:
http://www.bloomberg.com/news/2012-11-25/uggs-in-play-with-deckers-seen-luring-buyers-real-m-a.html
By Dow Jones Newswires; write to hotstocks@dowjones.com
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