Seidler Equity, MLB to buy Rawlings Sporting Goods for $395 mln

Newell Brands has agreed to sell Rawlings Sporting Goods Company Inc to Seidler Equity Partners and Major League Baseball. Gross proceeds from the deal are expected to be $395 million. Rawlings, a sporting goods maker, is known for its baseball gloves. Morgan Stanley acted as financial adviser to Newell Brands on the transaction. Bank of America Merrill Lynch acted as financial adviser to SEP.

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