K2 has filed a S-4 with the Securities And Exchange Commission regardingits desire to purchase Ride Sports.
The document, more than 80 pages long, outlines the extent of Ride’sfinancial difficulties, its previous attempts to find a buyer for thebrand, the risks to the K2 business plan associated with the deal, andthe balance-sheet strengths and weaknesses of each company.
There’s also information on the K2 interim financing to Ride oftwo-million dollars, and what the costs and penalties are for thetermination of the deal.
It offers a dry, legalese — yet fascinating — look into the businessof two of the most influential brands in snowboarding.
Look for a complete analysis of the deal and interviews with the mainplayers in the Volume Eleven, Number Two issue of SNOWboarding Business.
Until then, here’s the link to the FreeEdgar Web site: