Everlast shareholders say yes to merger with Brands Holdings

By Lisa Kerner

Charlotte, N.C., Sept. 19 - Everlast Worldwide Inc. shareholders approved the company's acquisition by Brands Holdings Ltd. at a special meeting on Wednesday.

The company said 2,664,794 shares of Everlast common stock, or over 65% of the outstanding shares, were voted in favor of the merger. Of the shares voted, over 99% voted in favor of the deal, according to a company news release.

On June 29, Everlast said it had amended its definitive agreement with Brands Holdings, upping the per-share price to $33 from $30.

Brands Holdings is a private company incorporated in England and Wales and a subsidiary of Sports Direct International plc, a publicly traded company listed on the London Stock Exchange.

New York-based Everlast designs, manufactures and markets boxing and fitness-related sporting goods equipment.

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