K2 Inc. announced late Monday that certain consents and approvals related to the proposed merger with Rawlings Sporting Goods Company, Inc. have been obtained, including the consent of Major League Baseball, eliminating a final hurdle for K2’s proposed $74 million acquisition of Rawlings.
The deal to transfer Rawlings MLB licensing agreement includes an extension for three years additional to 2008, according to K2.
K2 now expects to close the merger with Rawlings on Wednesday, March 26, after conclusion of the K2 and Rawlings stockholder meetings to vote on the transaction.
The all-stock deal for K2 to acquire Rawlings will be voted on by both companies shareholders tomorrow and is expected to be approved.
“Were working on our integration teams, and I will be speaking to Rawlings employees on Thursday,” said Richard Heckmann, K2’s chairman and chief executive.
