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  • SHARES IN THE SPORTS AUTHORITY UP AMID TAKEOVER TALKS

              Shares in The Sports Authority "are pumped up" over
         speculation that the FL-based chain "is a takeover target,"
         according to Richard Wilner of the N.Y. POST.  The company
         closed yesterday at a 52-week high of 21 11/16 and shares
         are up "nearly" 21% percent since October 3.  Wilner:
         "Industry rumors said Woolworth, whose Foot Locker athletic
         footwear chain has cooled and who is looking to grow its
         Champs Sports chain, was on the prowl.  Woolworth did not
         address the Sports Authority rumors but said it planned to
         make acquisitions down the road."  Wilner adds that "despite
         persistent rumors, people close" to The Sports Authority
         said "it's not interested in selling" (N.Y. POST, 10/10).
              
    

    Print | Tags: Finance, Foot Locker/Venator Group, The Sports Authority
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