Wednesday, June 22, 2016

Modell's, Sports Direct considering joint bid for Sports Authority

Sports Direct International PLC, a U.K.-based sporting goods retailer, and New York-based Modell’s Sporting Goods are in talks regarding a potential joint effort to acquire some 200 Sports Authority stores, sources have told the Wall Street Journal.
Any bids for stores leased by Sports Authority, which filed for Chapter 11 bankruptcy protections in March, are due Thursday. The liquidation is already under way and is expected to be completed by the end of next month.. . . more

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