Shareholders in Everlast Worldwide have approved the $182m sale of the company to the Brands Holdings subsidiary of UK retailer Sports Direct.

The iconic US boxing brand said that 2,664,794 shares, or over 65% of its total outstanding shares, voted in favour of the merger.

Approval had required a vote of at least a majority of Everlast's outstanding shares of common stock.

In June, Everlast terminated an agreement to be bought by an investment consortium headed by The Hidary Group for US$146m, in favour of a higher offer from Brands Holdings.

A month later Hidary attempted to get back in the bidding for Everlast, but Sports Direct covered Hidary's sweetened offer by raising the purchase price to $33.00 a share, or more than $182m.

Everlast Worldwide settled a lawsuit with Hidary over the merger last month.