SBD/11/Finance

WOOLWORTH'S ACQUISITION OF TSA TAKES HIT ON WALL STREET

          Woolworth Corp. "struck out on Wall Street" with its
     agreement to buy The Sports Authority (TSA), according to a
     Reuters report in the BOSTON GLOBE.  Stocks of both
     companies "were battered" Friday as both were among the
     "leading percentage losers" and the most active issues on
     the NYSE.  TSA lost 1 13/16 to finish at 15 15/16 on Friday,
     while Woolworth fell 1 7/16 to 20 3/4, dropping the value of
     the stock deal to $523M from the original $570M.  Most of
     the attention was focused on the "negative short-term
     results" from the deal (BOSTON GLOBE, 5/9).  

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Finance, The Sports Authority

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