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. Susquehanna raised its price target to $12, reflecting a 75% probability that Little Foot gets acquired at $13.30 and a 25% chance nothing happens and the stock goes back to $8. Sports Direct has in the past speculated in Finish Line stock through ... Log in to view full article.