V.F. Corporation (NYSE:VFC) signed a definitive agreement to acquire Williamson-Dickie Manufacturing Company for approximately $820 million on August 11, 2017. The transaction will be financed with cash. Upon closing Williamson-Dickie will become part of VF’s Imagewear coalition. On a 12 trailing month basis Williamson generated approximately $875 million revenue. The transaction multiples are 11x LTM adjusted EBITDA and less then 1x LTM revenue. Philip Williamson will be retained as Chief Executive Officer of Williamson-Dickie. The transaction is subject to certain specified closing conditions, including the receipt of certain regulatory approvals and other customary closing conditions. As on September 5, 2017, V.F. Corporation received regulatory approval. The transaction is expected to close in the early fourth quarter of 2017 and will be immediate accretive. Marc O. Williams, Elyka A. Anvari, Veronica M. Wissel, Matthew R. Wood, Betty Moy Huber, Yuko Masunaga, Kathleen L. Ferrell, Dao Fu, Ronan P. Harty and Mary K. Marks of Davis Polk and Wardwell LLP acted as the legal advisor and Barclays PLC (LSE:BARC) acted as the financial advisor for V.F. Corporation. Brian Barnard, Tom Tippetts, Jennifer Wisinski, Susan Wetzel, Mary Mendoza, Ken Bezozo, Sharon Cooper, Maria Vives Hopper and Bryan Diebels of Haynes and Boone, LLP acted as the legal advisors to Williamson-Dickie Manufacturing Company. V.F. Corporation (NYSE:VFC) completed the acquisition of Williamson-Dickie Manufacturing Company on October 2, 2017.