Deckers Outdoor Corporation Announces Definitive Agreement to Acquire Teva.

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Deckers Outdoor Corporation Announces Definitive Agreement to Acquire Teva.

Business Editors

GOLETA, Calif.--(BUSINESS WIRE)--Oct. 11, 2002

Deckers Outdoor Corporation (NASDAQ: DECK) today announced that it has entered into a definitive agreement to acquire Teva, the leading sport sandal brand in the footwear industry from Mark Thatcher, the inventor of the Teva sport sandal and owner of the Teva patents and trademarks, in a cash and stock transaction expected to be completed in the fourth quarter of 2002.

As a result of the acquisition, Deckers will own virtually all...

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