New book by Larry Connors Click here Improve your trading - See how
The deal is valued at up to USD350m, including USD180m at closing (payable 50% in cash and 50% in stock) plus an earn-out of up to USD170m.
GSI expects the acquisition of RCI to be earnings-accretive from fiscal year 2010.
RCI operates RueLaLa.com, an e-commerce destination in the private sale sector, and SmartBargains.com, an off-price e-commerce marketplace.
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