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Timberland Snapped Up by VF

Money and graphs

From Businessweek : VF Corp., the world's largest apparel maker, agreed to acquire Timberland Co. for about $1.8 billion to bolster sales of outdoor gear.

The per-share price is $43, the companies said today in a statement. VF agreed to pay 9.5 times Timberland's earnings before interest, taxes, depreciation and amortization, according to data compiled by Bloomberg. That matches the median multiple in about nine footwear and apparel deals since 2006.

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