BRIEF-Samsonite LLC to acquire all of outstanding equity interests of eBags

April 7 (Reuters) - Samsonite International SA :

* Discloseable transaction in relation to acquisition of

ebags, inc.

* Samsonite LLC and merger sub, both wholly-owned

subsidiaries of company, entered into merger agreement with

ebags and securityholders of ebags

* Deal for consideration of us$105.0 million

* Consideration will be settled by cash upon consummation of

merger pursuant to merger agreement

* Samsonite LLC agreed to acquire all of outstanding equity

interests of ebags

* Consideration will be settled by cash upon consummation of

merger pursuant to merger agreement

* Acquisition is currently expected to be completed in q2 of

2017

* Consideration under merger agreement payable by purchaser

will be financed by internal resources of company and company's

revolving credit facility

* Financial return from acquisition is expected to meet

investment criteria considered by company

Source text : (http://bit.ly/2nJbaZK)

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