17634 NE AIRPORT WAY • PORTLAND, OR 97230 • 503.262.0110 July 17, 2012 [Employee] [Address] Attention: Dear [Employee]:Merger Agreement • July 17th, 2012 • Lacrosse Footwear Inc • Rubber & plastics footwear
As you know, LaCrosse Footwear, Inc. (“LaCrosse” or the “Company”) has entered into an Agreement and Plan of Merger with ABC-MART, Inc. (“ABC-MART”), dated July 5, 2012 (the “Merger Agreement”). Under the Merger Agreement, if certain closing conditions are satisfied, LaCrosse will become a wholly-owned subsidiary of ABC-MART in a two-step process involving a tender offer, followed by a merger.
