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PVH to Buy Warnaco Group in $2.8B Cash and Stock Deal
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FBN’s Nicole Petallides with an afternoon market update.
- Duration 1:47
- Date Oct 31, 2012
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FBN’s Nicole Petallides with an afternoon market update.
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It's fifteen past the hour right out of course stocks now every fifteen minutes we're back to stocks now at fifty minutes -- I didn't call you got to new highs.
On a clothing -- yeah that's right only in -- -- of filled Van -- not the big on that we follow often but we're also looking at Dow Warnaco Group.
Both of these names are soaring right now we take a look at the stocks you can see -- -- -- is not almost 17% more about 37%.
So PBH is actually buying.
Warnaco Group for about two point eight billion dollars in cash and stock deal -- -- is known for lingerie and sportswear.
And so with this cash and stock deal brings the Calvin Klein clothing brand under one roof so obviously big news here.
For these two retailers let's take a quick look here.
At the Dow the NASDAQ.
And the S&P very closely obviously been talking about the fact not too far off the unchanged line we've been following the volume -- should be right on par or a slightly higher.
By the end of the day and we've seen Home Depot doing well and the insurers and -- that travelers coming under some pressure back to you.
Nicole I know that you -- -- 8 hour this morning live of course on Fox Business I'm curious you know there were so many reports of that he that actually asked many of the firms down there at the specialist -- -- well.
-- to cut men with minimal personnel but it seems like it's pretty busy down there -- cold and he get my personality want it.
I didn't.
And say anything about bringing in minimal personnel I mean I and -- is the first I'm actually hearing that had been trying to follow every headline and every moment on the contrary I mean that's -- -- feels pretty full.
And so it feels like we're at nine because -- and capacity I mean everybody came in some way shape reform.
-- and some people have been saying the weekend -- made over the bridges and -- -- just critical care.
Medical ladies thank you very much that policy --