K•Swiss Inc. (KSWS: Quote) announced that its stockholders approved the adoption of the Agreement and Plan of Merger, dated January 16, 2013, by and among K•Swiss Inc., E.Land World Limited, a corporation organized under the laws of the Republic of Korea, and Ian Acquisition Sub, Inc., a Delaware corporation and an indirect wholly-owned subsidiary of E.Land.
This is pursuant to which Merger Sub will be merged with and into K•Swiss, with K•Swiss surviving as an indirect wholly-owned subsidiary of E.Land.
K•Swiss said it currently expects to close the merger on or about April 30, 2013, subject to the satisfaction or waiver of the other previously disclosed closing conditions.
by RTT Staff Writer
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