Volcom Receives Antitrust Approval
Volcom Inc. and its new parent company, Paris-based luxury and retail group PPR, have announced that they have received all necessary antitrust approvals applicable to PPR’s offer to pay $607 million for all of Volcom’s outstanding shares. As previously announced, PPR’s tender offer for Costa Mesa, Calif.–based Volcom was scheduled to expire June 16 unless further extended.
