Fashion giant may be sold
Tuesday, Dec. 17, 2002 | 9:39 a.m.
NEW YORK -- Shirt maker Phillips-Van Heusen Corp. said today it's in discussions to acquire Calvin Klein Inc.
The Wall Street Journal reported that Calvin Klein is near a deal to sell the company to the shirt manufacturer for about $400 million in cash, in addition to roughly $30 million in stock and potential royalties that could be valued at $200 million to $300 million over time.
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