September 13, 2017 Finish Line Shares Jump on Takeover Speculation
Little Foot shares were up about 9% to $10.60 on rumors that it might be open to a transaction with Sports Direct. The speculation started when Susquehanna put out a note on the subject, indicating that it had spoken to Little Foot and believed it was open to discussions even as it implemented a poison pill plan. Deckers Faces Proxy Battle from Marcato Capital
The investment fund, which owns 6.1% of Deckers, nominated a full slate of 10 candidates to completely replace the company’s board of directors and also sent DECK a letter outlining current management’s shortcomings in maximizing shareholder value. Dick’s Donates $5.5 Million to Hurricane Relief
The donation consists of $3.5 million in apparel and footwear that will go through the American Red Cross and another $2 million to rebuild and refurbish youth sports facilities in communities affected by Hurricanes Harvey and Irma. PHIT Launches PHIT America Month in May 2018
The national event will encourage Americans to get moving and promote the growth of sports and fitness participation through hundreds of local events, most of which will be free. Parsons Xtreme Golf Sues TaylorMade over Irons
PXG says that TaylorMade’s P790 irons are infringing on several of the patents covering its 0311 irons, specifically the combination of a thin face, an elastic polymer material filling the interior cavity, and a weight portion below the midplane of the clubhead. Report: Nike Extends Russell Westbrook’s Jordan Deal
Following an extraordinary season in which he won NBA MVP honors after averaging a triple-double, the Thunder point guard signed a 10-year extension to his Brand Jordan shoe deal, reported to be the largest Jordan sponsorship ever. Etcetera: L.L. Bean, PrimaLoft
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