Movado to acquire MVMT Watches [Seeking Alpha]
Movado Group Inc. (MOV)
Last movado group inc. earnings: 3/26 06:45 am
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US:NYSE Investor Relations:
movadogroup.com/investor/index.cfm
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Source: Seeking Alpha
Movado Group (NYSE: MOV ) has a definitive deal to acquire millennial-focused MVMT Watches . That comes for an initial payment of about $100M ($85M net of anticipated tax benefits) and two contingent payments that could add up to an additional $100M, depending on MVMT future performance. Movado expects to close the deal around Oct. 1; it's funding the deal through cash and its revolving credit. MVMT logged revenue of about $71M in the fiscal year ended Dec. 31, 2017. Movado expects the deal to be accretive to its fiscal 2019 results. Movado is in light postmarket trades. See all stocks on the move » Now read: Super premium for Supervalu » Subscribe for full text news in your inbox
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News
- Movado Group, Inc. (NYSE:MOV) is a favorite amongst institutional investors who own 70% [Yahoo! Finance]Yahoo! Finance
- Don't Race Out To Buy Movado Group, Inc. (NYSE:MOV) Just Because It's Going Ex-Dividend [Yahoo! Finance]Yahoo! Finance
- Movado Group Announces Appointment of Debbie Forman-Pavan as President of North America Sales [Yahoo! Finance]Yahoo! Finance
- Movado Group Announces Appointment of Debbie Forman-Pavan as President of North America SalesBusiness Wire
- Movado Group, Inc. Just Beat EPS By 9.9%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
MOV
Earnings
- 8/24/23 - Beat
MOV
Sec Filings
- 4/23/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- MOV's page on the SEC website