The Baupost Group to invest in Timex Group.

The Baupost Group, the Boston-based investment firm, agreed to invest in Timex Group, the global maker of timepieces. Financial terms were not disclosed. "Timex Group's storied 166-year history, and incredible portfolio of brands and brand partnerships, offer a unique opportunity to drive innovation and growth in the watch industry. We believe in the company's strategic vision and the ability of the management team to achieve it. We look forward to supporting the company for years to come," Tom Blumenthal, The Baupost Group Partner.