VF raises outlook on Williamson-Dickie acquisition

VF Corporation and workwear company Williamson-Dickie Mfg. have jointly announced that they have signed a definitive merger agreement. A statement from VF said that the transaction is expected to be complete, early in the fourth quarter of this year and VF will pay Williamson-Dickie shareholders approximately 820 million dollars in cash. Meanwhile, to show positive impact of the deal, VF has also raised revenue and earnings outlook for 2017 and through 2021.