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Knitting / Apparel

Kellwood To Acquire Kasper

Kellwood Co., St. Louis, has entered into an agreement to purchase Kasper A.S.L. Ltd., New York City, for a total of $163.6 million. The purchase price would include $111 million in cash, $40 million in Kellwood common stock, the assumption of prepaid royalties up to $12.6 million at closing, plus the assumption of other Kasper liabilities.Kasper comprises the Albert Nipon, Anne Klein New York, AK Anne Klein, Kasper and Le Suit namebrands.

August 2003