A long running takeover issue between Jones Apparel and Maxwell Shoe has finally ended in a US$346 million merger, wherein the former will acquire all the outstanding shares of Maxwell for US$23.25 per share in cash. The
|
| agreement is agreed by the Board of Directors of both the companies and has been recommended to the stockholders. According to Apparel Jones official, the merger will be complement Jones' business well and would help in create lifestyle-branding opportunities across its core competencies. 
|
|
