Piper Jaffray Consumer M&A Weekly June 14, 2004 Consumer Mergers & Acquisitions David Jacquin - Managing Director, Group Head, 415-277-1505,
[email protected] Scott LaRue - Managing Director, 650-838-1407,
[email protected] Tom Halverson - Principal, 612-303-6371,
[email protected] John Twichell - Vice President 415-277-1533,
[email protected] John Barrymore - Vice President, 415-277-1501,
[email protected] Robert Arnold - Associate, 415-277-1548,
[email protected] Selected Consumer M&A Transactions (Approximate valuations, $ in millions) Date Equity Enterprise LTM EV / LTM Announced Effective Target Acquiror Value Value EBITDA EBITDA Universe Comments 06/10/04 Pending Unzipped Apparel (Candie's) TKO Apparel NA NA NA NA Apparel TKO Apparel to acquire Candie's jeans wear subsidiary, Unzipped Apparel 06/09/04 Pending Marshall Field's (1) May Department Stores Co. NA $3,240.0 $225.0 14.4x Retail May Department Stores to acquire Marshall Field's from Target Corp. 06/08/04 Pending Ames True Temper Inc Castle Harlan Inc NA $380.0 NA NA Consumer Products Castle Harlan to acquire garden-equipment maker Ames True Temper 06/08/04 Pending DeBas Chocolate House of Brussels Chocolates NA NA NA NA Food & Beverage House of Brussels to acquire chocolate producer DeBas Chocolate 06/08/04 06/08/04 Como Sport Windsong Allegiance Group NA NA NA NA Apparel Windsong Allegiance has acquired sportswear manufacturer Como Sport 06/08/04 06/08/04 Game for Golf LiquidGolf Holding Corp. NA NA NA NA Apparel LiquidGolf Holding Corp.