Timberland, the New Hampshire-based, family-owned boot and apparel company, will likely accept a $2 billion buyout offer from the VF Corp, owner of the North Face, Wrangler, Reef, and . Timberland is best known for its ubiquitous tan workboots but has recently emerged as a . In 2009, the company released a recyclable boot and has pledged to lower its emissions by 50 percent. VF Corp is paying a 43 percent premium on Timberland’s Friday closing stock price and will finance the deal . The Swartz family controls 73.5 percent of the company and has until the end of July to entertain other offers, which could come from Nike or another footwear giant. Headquarters will remain in Stratham, New Hampshire.
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