Today's Transactions: Japanese Shoe Retailer Acquires LaCrosse Footwear

Tokyo-based ABC-Mart acquires LaCrosse in a $138M deal Japanese shoe retailer ABC-Mart Inc. (TSE: 2670) is spending $138 million for LaCrosse Footwear Inc. (Nasdaq: BOOT). ABC-Mart, known for athletic and business footwear, expects to close the deal in the third quarter. The purchase price, about $20 per share in cash, represents an 82 percent premium over the closing price on July 5. Tokyo-based ABC-Mart tapped Barclays plc and Paul Hastings LLP as financial and legal advisers, respectively. Wells Fargo Securities ran the sale process for Portland, Ore.-based LaCrosse. Law firm Garvey Schubert Barer handled legal matters. For more information