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British apparel company buying Indy-based Finish Line in $558 million deal

British apparel company buying Indy-based Finish Line in $558 million deal”

The combined purchasing power of Finish Line and JD, coupled with the strategic alignment with major worldwide sportswear brands in North America, is expected, on completion, to enable the enlarged group to bring a highly differentiated multi-channel retail proposition to the USA market. Aperio Group LLC increased its position in shares of Finish Line by 72.2% during the 3rd quarter. Finish Line stock has traded at $29.74 per share and an analyst has set a $17.00 per share price target for the stock. Deutsche Bank raised shares of Finish Line from a sell rating to a hold rating and set a $11.00 price target on the stock in a report on Thursday, December 14th.

Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of The Finish Line, Inc. For the past 5 years, the company's revenue has grown 15.5%, while the company's earnings per share has grown 14.3%. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company's stock. The stock presently has an average rating of "Hold" and an average price target of $10.60. Paloma Partners Management Co purchased a new position in shares of Finish Line in the fourth quarter worth $350,000. It has dividend yield of 4.36%.

Stormy protest in Barcelona after ex-Catalan leader arrested
Spain's Supreme Court ruled on Friday that 25 Catalan leaders would be tried for rebellion, embezzlement or disobeying the state. The court will then decide if Puigdemont will be formally taken into custody pending extradition proceedings , it added.

Shore Capital analyst Clive Black is similarly enthused, writing: 'JD Sports continues with its global strategy and this transaction will scale that up significantly with enhanced revenues and earnings from a new USA division. The company's institutional ownership is monitored at 93.1 percent.

Finish Line Cl A (NASDAQ:FINL) has a market capitalization of $399.21 Million and most recently 37.84 Million outstanding shares have been calculated. So while this merger will help Finish Line's stock price in the short term, as customers look for unique products and brands like Nike shift their focus to emphasize a direct-to-consumer model, how successfully JD and Finish Line get sneakers into the hands (and on the feet) of customers will ultimately determine its long term success.

Janet Mefferd On Student Gun Control Protests: 'Enough Is Enough'
On Saturday, March 24th, Utah students will march from West High School to the State Capitol from 11 a.m.to 1 p.m. Thousands are also expected to protest gun violence in the Philadelphia area Saturday.

NASDAQ-listed Finish Line, one of the biggest premium multi-branded athletic, clothing and accessories retailers across the pond, should transform JD Sports' growth prospects in the world's biggest athleisure market, boosting its buying power and clout with the global sportswear brands. Finish Line is a retailer of athletic shoes, apparel and accessories.

Federal Court Rules against GOP Challenge to New District Map
Supreme Court's latest action refusing to block the new map came one day before the filing deadline for the May 15 primary. The Supreme Court case seemed to be state Republicans' last realistic chance to preserve the current map of 18 U.S.



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