Zumiez decides not to pursue West 49 - footwearbiz: Leading site for g

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Zumiez decides not to pursue West 49

15/07/2010
Action sports footwear retailer Zumiez has decided not to pursue its acquisition of Canadian action sport retailer West 49.

On July 9, West 49 issued a press release announcing that Zumiez was prepared to make an offer to acquire the company for a cash price in excess of C$1.30 per share.

Zumiez says it has decided not to continue with its proposal because it was unable to reach an agreement with the brand on the terms of the due diligence process.

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