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https://www.barrons.com/articles/crocs-crox-heydude-footwear-acquisition-51640264669

Crocs said Thursday it was adding casual shoe brand Heydude to its portfolio.

The $2.5 billion acquisition of privately owned Heydude will be funded by $2.05 billion of cash and $450 million of Crocs shares.

Shares of Crocs (ticker: CROX) fell 14% to $120.04 on Thursday. The stock has gained 92% in 2021.

Crocs said Thursday it was adding casual shoe brand Heydude to its portfolio.

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