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Article Date: June 2023
Word Count: 135

Kevin Plank Sells $100 Million in Under Armour Stock


UA’s founder and chairman divested about 16 million class C shares to BDT Capital Partners, which is an affiliate of merchant bank, BDT & MSD Partners. The sale reduces Plank’s ownership in the company by about 24%, leaving him with approximately 51 million shares across the three classes of stock. However, the sale does nothing to impair Plank’s ... Log in to view full article.

 


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