Club Monaco Inc (CMI) Message Board

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Gold/Mining/Energy : Club Monaco Inc (CMI)

CMI 552.09

+1.4%

3:59 PM EST

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To: Jackie384 who wrote ()	3/1/1999 9:52:00 AM
From: Jackie384	of 32

Polo Ralph Lauren to buy Club Monaco for $52.2 mln NEW YORK, March 1 (Reuters) - Retailer Polo Ralph Lauren (NYSE:RL - news), whose designer goods range from shirts to cologne to bath towels, said on Monday it will spend about $52.2 million in cash to acquire Club Monaco Inc. (Toronto:CMI.TO - news), an international specialty retailer which sells casual apparel in Canada, the United States and Asia. Under the deal, which was approved by the boards of both companies, Polo Ralph Lauren will pay C$13 a share to purchase all outstanding common stock of Toronto-based Club Monaco and assume its debt. Club Monaco has about 6.5 million common shares outstanding on a fully diluted basis.

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