Source: Disney Buying 33% BAM Tech Stake Bruin Sports Buys Video Streaming Firm Nike's North American Profits Take Dip Titleist Owner Acushnet Files For IPO Sources: DraftKings, FanDuel In Talks For Merger WME-IMG Expanding Its Chinese Business WinView Brings In $3.4M In Funding Round Under Armour To Lose $120M In Sales Acushnet Reportedly Prepping For IPO MP & Silva Sells Controlling Stake
SHARES IN THE SPORTS AUTHORITY UP AMID TAKEOVER TALKS
Published October 10, 1997
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).