Los Angeles Business Journal

K-Swiss Shareholders Approve Acquisition

By Deborah Crowe Friday, April 26, 2013

K-Swiss Inc. on Friday said that announced that its stockholders had approved its $170 million acquisition by South Korean retailer E. Land World.

The Westlake Village sports brand, which sells shoes, apparel and accessories, said its merger with Seoul-based E. Land via an U.S. subsidiary is likely to close by Tuesday.

The $4.75-a-share deal was announced in January. K-Swiss said about 95 percent of the voting power of the company approved the merger.