Winston-Salem, NC -- (SBWIRE) -- 01/18/2013 -- KSwiss (NASDAQ:KSWS) $3.19. Announced Wednesday after market close along with E.Land World Ltd. , that they have entered into a definitive agreement pursuant to which E.Land World will acquire all of the outstanding common stock of KSwiss for $4.75 per share in cash, or a total equity value of approximately $170 million.
Under the terms of the agreement, which was unanimously approved by KSwiss’ Board of Directors, KSwiss stockholders will receive $4.75 in cash for each outstanding Class A and Class B share of KSwiss common stock they own, representing a 49% premium over the closing price for a share of Class A common stock on the NASDAQ Stock Market on January 16, 2013, and a 62% premium over the three-month, volume-weighted average trading price for a share of Class A common stock on the NASDAQ Stock Market as of January 16, 2013.
What They Do: KSwiss introduced the first all-leather tennis shoe, the KSwiss “Classic” in 1966.
Nautilus (NYSE:NLS) $4.20. Announced Wednesday after market close its preliminary, unaudited results for the fourth quarter and year ended December 31, 2012.
Nautilus expects to report net sales of approximately $65.0 million for the fourth quarter of 2012, an increase of 8.4% compared to the fourth quarter of 2011. For the full year 2012, net sales are expected to approximate $194.0 million, an increase of 7.5% compared to 2011.
Fully diluted earnings per share from continuing operations are estimated to be in the range of $0.21 - $0.23 for the fourth quarter of 2012, compared to $0.11 per share for the fourth quarter of 2011. Fully diluted earnings per share from continuing operations on a full year basis are expected to be in the range of $0.32 - $0.34 in 2012, versus $0.08 per share in 2011.
What They Do: Nautilus is a global fitness products company providing innovative, quality solutions to help people achieve a healthy lifestyle.
Kratos Defense & Security Solutions (NASDAQ:KTOS) $4.73. Today announced that it has received an $18 million single award contract to design, engineer and deploy a specialty security system for one of the largest municipalities in the United States, located in the Northeast.
The security system, which will include hundreds of mobile surveillance cameras, will provide critical infrastructure security for a large transportation network and will be integrated into a command and control system. Due to customer specific, security related and other considerations, no additional information will be provided relative to this contract award.
What They Do: Kratos Defense & Security Solutions is a specialized National Security technology business providing mission critical products, services and solutions for United States National Security.
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