Crocs Inc (CROX)

[rocco2]

The deal gives Crocs a cash infusion, gives Blackstone two seats on the board and preferred shares that pay a 6 per cent dividend, and gives shareholders an additional return by way of the buyback


Crocs also said late Sunday that CEO John McCarvel is retiring and giving up his board seat around the end of April. He has been with Crocs since 2005, and had been president and CEO since 2010. The company said it has begun an outside search for his replacement.

Crocs Brand for sale??