Volcom & PPR Secure Antitrust Approvals For Acquisition

PPR’s acquisition appears to be on target to go through. The French brand announced it has received all necessary antitrust approvals applicable to its tender offer for all of the outstanding shares of Volcom common stock for $24.50 per share in cash.

According to the release: The transaction is subject to the satisfaction of the remaining customary closing conditions. As previously announced, PPR's tender offer for Volcom is currently scheduled to expire at 5:30 p.m., New York City time, on Thursday, June 16, 2011, unless further extended.