Those with a stomach for SEC filings should bump on over to EDGAR and check out Quiksilver’s 8K filing relating to their sale of Rossignol to Chartreuse et Mont Blanc LLC. The most interesting piece of info we stumbled onto was that selling Rossignol is going to cost Quiksilver $14.7 million.
Transaction costs: $ 9.9 million. Employee-related costs: $ 1.8 million. Other costs: $ 3.0 million. Total costs before taxes: $14.7 million.
That kind of eats into the $40 million Chartreuse et Mont Blanc paid. We didn’t know selling something could be so expense. Quik stock closed down today at $1.04.
[Link: Edgar Online]
