On Tuesday Fossil (NASDAQ:FOSL) officially announced that it closed on its cash-and-stock deal for rival Skagen, reports the Associated Press.Fossil plans to pay Skagen $231.7 million in cash and hand over 150,000 Fossil shares and in addition give Skagen the chance to receive another 100,000 shares, if it attains certain revenue targets.Fossil (NASDAQ:FOSL) has potential upside of 0.9% based on a current price of $133.8 and an average consensus analyst price target of $135.
