Sports Direct Ups Stake in Finish Line Again to 17.4%
The U.K. chain continues to buy shares of downtrodden Little Foot as it added another 1.1 million shares in a filing Jun. 5 since its prior filing May 26. Most of the purchases have been in the $14 range, 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 against a ... Log in to view full article.