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      "text": "1. Subject to customary closing adjustments\n2. Based on the average of the daily volume-weighted average price of our stock for the 20 days immediately prior to the signing date.\n3. Immediate accretion to earnings includes no synergy or integration cost assumptions between Crocs and HEYDUDE.",
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      "text": "Purchase Price: $2.5 billion; Valuation Multiple: <15x EV/EBITDA; HEYDUDE Revenue: ~$570M; Closing: 1Q 2022; Financing: $2.0B Term Loan B, $450M shares, $50M RCF; Leverage: ~3x Net Debt/EBITDA; Accretion: Immediately accretive",
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