VF Corp buys Timberland

WWD reported, VF Corp is buying Timberland Co. for $43 a share, or roughly $2 billion in cash.
The acquisition should close in the 3rd quarter of 2011 and add about $700 million in revenue.

Timberland is expected to have about $1.6 billion in sales in 2011, and VF said it is targeting annual revenue growth of 10 percent for the company.