US designer, manufacturer and marketer of boxing and fitness related sporting goods equipment and a worldwide licensor of the Everlast brand for apparel, footwear, sporting goods equipment Everlast Worldwide Inc. has signed a definitive agreement to be acquired by investor group The Hidary Group, for $26.50 per share in cash, a 14.5% premium on its closing price on May 31, and a 30% premium to the average closing price over the last month. The total value of the all-cash transaction is over $146 million.

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