K2 to Buy Three Sporting-Goods Firms
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From Bloomberg News
U.S. ski maker K2 Inc. agreed to buy three sporting-goods companies for $208 million to increase apparel and equipment sales in Europe.
K2 will buy ski-equipment manufacturers Volkl Sports Holding and Marker Group for $124 million, and Marmot Mountain Ltd., which makes ski apparel, for $84 million. K2 said the acquisitions would be completed next month and would add to 2004 earnings.
Shares rose 90 cents, or 5.9%, to $16.10 on the NYSE.
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