GAIAM to Sell Branded Products Business to Focus on Lifestyle Streaming Media
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Piper Jaffray Remains Bullish on Sequential Brands (SQBG) Following Announced Acquisition of Gaiam
May 11, 2016 6:52 AM EDTPiper Jaffray maintained an Overweight rating and $11.00 price target on Sequential Brands (NASDAQ: SQBG) following the company's announced acquisition of the yoga brand Gaiam. The deal is expected to close in the next 60 days. Currently, Gaiam sells a plethora of yoga clothing and related products in major retailer in the U.S.. The deal is expected to be... More
Sequential Brands (SQBG) to Acquire GAIAM Yoga Brand for $146M (GAIA)
May 10, 2016 4:51 PM EDTSequential Brands Group, Inc. (NASDAQ: SQBG) (Sequential or the Company) announced today that it has signed a definitive agreement to acquire the branded consumer product business from GAIAM, Inc. (NASDAQ: GAIA) (GAIAM) for a total purchase price of approximately $146 million in cash.
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