About This Deal

Berkshire Hathaway acquired Garan, Incorporated for $60.00/share, a transaction completed in September 2002, structured as Cash merger; approved by more than 99% of voted shares at a special shareholder meeting..

Garan, Incorporated operates in Consumer products (apparel), is based in United States, with manufacturing operations in Central America (headquartered in New York, New York). Berkshire Hathaway entered into a definitive merger agreement to acquire Garan, Incorporated for $60.00 per share in cash. Garan is a leading manufacturer of children's, women's and men's apparel sold under its customers' private labels as well as its own trademarks, including GARANIMALS. Garan became a wholly owned Berkshire subsidiary, remaining headquartered in New York.

A wonderful business with an outstanding management team that fits Berkshire's group of consumer businesses.

Deal Terms

Acquirer
Berkshire Hathaway
Target
Garan, Incorporated
Value
$60.00/share
Date
September 2002
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
United States, with manufacturing operations in Central America (headquartered in New York, New York)
Segment
Consumer products (apparel)
Structure
Cash merger; approved by more than 99% of voted shares at a special shareholder meeting.
Announced
July 2, 2002
Closed
September 4, 2002

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗ · SEC filing ↗

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