Not content with wading through the press with buyout talks and board member suggestions for Pac Sun Adrenalina CEO Ilia Lekach now wants to buy Canada’s West 49 for 55 cents (Canadian) a share, according to a story on Google news.
“The business synergies from joining West 49 Inc.’s substantial store footprint with Adrenalina’s high-growth lifestyle retailing concept are compelling – especially in this challenging economic environment,” said Ilia Lekach, chairman and CEO of Miami-based Adrenalina in a release.
We can say that $35 million Canadian seems a little more realistic for the four-store chain than the $293 million they wanted to pay for Pac Sun Then again, who doesn’t Lekach believe Adrenalina has “synergies” with.
[Link: Google]
