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On December 28, 2020, V.F. Corporation completed its previously announced acquisition of Supreme Holdings, Inc. (Supreme) pursuant to the Agreement and Plan of Merger, dated as of November 8, 2020, by and among VF, New Ross Acquisition Corp., a wholly owned subsidiary of VF (Merger Sub), Supreme and TC Group VI, L.P., solely in its capacity as the initial Holder Representative. Upon the closing of the transactions contemplated by the Merger Agreement, Merger Sub was merged with and into Supreme with Supreme continuing as the surviving corporation and a wholly owned subsidiary of VF. VF paid an aggregate base purchase price of $2.1 billion subject to customary adjustments for cash, indebtedness, working capital and transaction expenses and, subject to satisfaction of certain post-closing milestones, may make an additional payment of up to $300 million.
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