Limited Brands Inc. inked a deal to acquire Canadian intimate apparel retailer La Senza Corp. for $628 million, the company said after the market closed Wednesday.
Limited Brands said it will purchase all outstanding shares of La Senza for $48.25 Canadian dollars per share, representing a premium of 47.8 percent over La Senza’s closing price on the Toronto Stock Exchange on Nov. 14.
Irv Teitelbaum, chairman and ceo, Stephen Gross, vice chairman, and Laurence Lewin, president and coo, of La Senza will remain in their current positions.
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Limited to Acquire La Senza Corp.
Limited Brands Inc. inked a deal to acquire Canadian intimate apparel retailer La Senza Corp. for $628 million, the company said after the market closed Wednesday.
Limited Brands said it will purchase all outstanding shares of La Senza for...