December 30, 2016 / 1:31 PM / 8 months ago

BRIEF-Iconix Brand Group reports agreement to divest Sharper Image brand

Dec 30 (Reuters) - Iconix Brand Group Inc :

* Iconix Brand Group Inc - deal for $100 million in cash

* Iconix Brand Group Inc - plans to use net proceeds from this transaction plus additional cash to pay down approximately $115 million of debt

* Iconix Brand Group Inc says for 2017, company expects net impact of sale of sharper image brand and repayment of debt to be neutral to earnings

* Iconix Brand Group Inc- transaction is not reflected in company's current guidance

* Iconix Brand Group announces agreement to divest sharper image brand

* Iconix Brand Group Inc - for 2017, company expects net impact of sale of sharper image brand and repayment of debt to be neutral to earnings

* Iconix Brand Group Inc - "for 2017, company expects net impact of sale of sharper image brand and repayment of debt to be neutral to earnings"

* Iconix Brand Group Inc- company expects to record a gain on the transaction

* Iconix Brand Group announces agreement to divest sharper image brand Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below