Sports Direct Ups Finish Line Stake to 19.9%, Also Targets Iconix
The U.K. chain continues to buy shares of Little Foot as it added another 1.5 million shares in two filings through Jun. 7 since its filing May 26. Most of the purchases have been in the $14 range but steadily declining, which suggests that Sports Direct CEO Mike Ashley has been a shrewder buyer than even the management of the company, which last year spent an average of $21.11 per share for 2.5 million shares. The stock has shown little reaction that would suggest a takeover offer is imminent, and the company would not appear to have any real defenses ... Log in to view full article.