In a regulatory filing on Thursday, K2 CEO Dick Heckmann indiocated that the purchase of Rawlings Sporting Goods is in doubt unless the Rawlings camp signs off on certain contract consents and amendments.
KTO is in continuing discussion with key partners of Rawlings regarding “material” commercial contracts, with respect to an outstanding contractual consent and a pending contract amendment.
K2 said it will be unable to consummate the transaction unless the consent and amendment are obtained.
“At this late stage in the process, we are concerned that all of the contingencies associated with the transaction, other than stockholder approvals, have not been satisfied,” Heckmann said.
