European Retailer JD Sports Buys Finish Line For $558M
By Matthew Guarnaccia (March 26, 2018, 5:00 PM EDT) -- Finish Line on Monday said U.K. and European retailer JD Sports Fashion PLC will make a move into the U.S. market, scooping up the Indianapolis-based athletic retailer in a $558 million deal.
JD Sports will pay $13.50 per Finish Line share, a 28 percent premium on the U.S. retailer's closing share price Friday. JD Sports is a leading athletic, fashion and outdoor apparel retailer in Europe. Its acquisition of Finish Line will add a nationwide brand with more than 900 retail locations and a significant online presence.
"The acquisition represents an excellent opportunity for JD to establish its market-leading multi-brand proposition...
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