By  on January 10, 2012

Fossil Inc., the $2.4 billion accessories company, will acquire Skagen Designs Ltd. for about $236.8 million in a cash and stock deal, continuing Fossil’s movement toward more lifestyle-oriented products.

The deal is comprised of $225 million in cash and 150,000 shares of Fossil Inc. common stock. Skagen may receive up to 100,000 additional shares of Fossil common stock if Fossil’s net sales of Skagen products exceed certain thresholds. The deal is expected to be finalized next month.

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