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BRIEF-Trans World Entertainment announces the purchase of etailz Inc
October 17, 2016 / 8:52 PM / in a year

BRIEF-Trans World Entertainment announces the purchase of etailz Inc

Oct 17 (Reuters) - Trans World Entertainment Corp

* Announces the purchase of etailz, Inc., digital marketplace retail expert

* Says purchase price of about $75 million payable in cash and stock

* Says acquisition is expected to be accretive in first full fiscal year (2017)

* Acquisition funded primarily from cash on hand and with short term borrowings under its revolving credit facility. Source text for Eikon: Further company coverage:

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