Swedish firm to buy Cutter & Buck

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Cutter & Buck Inc., which designs and markets upscale golf and sportswear to retailers, corporations and — via its catalog — directly to consumers, has signed a definitive agreement to be acquired by New Wave Group AB for $156.5 million in cash. New Wave, Hisings Kärra, Sweden, designs and markets clothing, accessories and gifts for the corporate, promotional and consumer retail markets under several proprietary brands, including Orrefors, Kosta Boda, Sagaform, Craft and Clique.

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