November 13, 2020
A Joe Biden presidency is looking increasing likely, now that the challenger has established a clear electoral majority, and recounts and lawsuits in several swing states seem unlikely to sway the outcome.
The Covid-19 pandemic continues to hammer South America, sending Brazil’s largest sporting goods retailer into the red in Q3, with a loss of BRL 33,251,000 ($6.2 mm) against a profit of BRL 38,413,000 on 7% lower revenues of BRL 724,281,000 ($134.1 mm) down from BRL 777,335,000.
The Cannondale and Schwinn parent’s board of directors has approved the takeover bid by Cerberus Capital Management to acquire all outstanding publicly owned shares as well as some of the shares owned by the Schwartz family.
The U.K.’s Competition Appeal Tribunal quashed an earlier decision by the Competition and Markets Authority that would have required JD’s acquisition of Footasylum to be reversed, likely by forcing a divestiture.