Timberland (TBL) Slightly Higher After Cramer Mentions Possible Takeover

Timberland (NYSE: TBL) is slightly higher this morning following a mention as a takeover target by Jim Cramer on Mad Money yesterday. Cramer said VF Corp (NYSE: VFC) may try to buy the company.

According to recent reports from the Wall Street Journal, Timberland hired Goldman Sachs to explore strategic options including a possible sale.

Shares of Timberland are 1.6% higher to $32.35.

Timberland (TBL) Exploring a Possible Sale - WSJ

According to reports from the Wall Street Journal, Timberland (NYSE: TBL) is exploring a possible sale. The company has hired Goldman Sachs to assist in the process. According to the paper, the company is active with private-equity firms but a deal is still some time away.

Timberland is a global leader in the design, engineering and marketing of premium-quality footwear, apparel and accessories. Timberland markets products under the Timberland(R), Timberland PRO(R) Series, SmartWool(R), Timberland Boot Company(TM), Mion(TM) and GoLite(R) brands.