The acquisition, a stock-for-stock merger, figures to bolster K2’s snowboard business and should close within 100 days. Terms of a definitive agreement call for K2 to acquire the outstanding shares of Ride for a fraction of K2 stock valued at approximately $1, making the transaction worth about $14.3 million. The exchange formula is $1.00 divided by the average market price of K2 stock during the five days prior to the deal’s closing, but not less than $10 or greater than $12. The transaction, subject ... Log in to view full article.