EXEC: Canada’s Roots To Go Private in Marquee Brands Deal

Canadian outdoor and lifestyle brand Roots Corp. has agreed to be taken private by Marquee Brands, the U.S. brand management company that owns Body Glove, Dakine, Stance and Totes/Isotoner in the active and outdoor space. Under the agreement, shareholders will receive C$4.10 (US$2.98) in cash for every common share held for a purchase price of C$160.7 million ($117 million).