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 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.

Like this


26 March 2018
Islamabad United wins Pakistan Super League
The provincial administration in Karachi has put up in place stringent security arrangements for Sunday's final. Islamabad United beat Peshawar United by three wickets, and lift the PSL trophy for the second time.

25 March 2018
Israeli sentencing of Ahed Tamimi symbolises conflict
Human Rights Watch criticized Ahed Tamimi's pretrial detention, calling it "both a violation of global law and unnecessary". A year after the incident , the military prosecution closed the case and decided that Shomer would not be put on trial.

25 March 2018
Turkey, Free Syrian Army clear 4 more villages in Afrin
The Britain-based Syrian Observatory for Human Rights put the death toll at more than 280 civilians and 1,500 Kurdish fighters.

24 March 2018
Futures lower on unsettled global markets as trade war fears escalate
Wei Jianguo, a former vice commerce minister, said China already has a second and third list of possible tariffs ready. Tencent fell more than 4 percent after Naspers Ltd. revealed a plan to cut its stake in the Chinese internet giant.

21 March 2018
Fortnite removed friendly fire as an experiment in combating player toxicity
Epic added that an eye would be kept on the game mode after the changes but said that resources should still be plentiful. Fornite's new LTM Blitz mode has just gone live in Battle Royale.

21 March 2018
The Indian Wells WTA final-it started with a tweener
Bajin specialises in staying positive and fighting for every point, which is Osaka's primary motive to making her game effective. Due to the renewed tactics and growing confidence, Osaka has a much better look to her chances of fulfilling her potential.

21 March 2018
Amazon Rumored to Be Eyeing Toys "R" Us Brick and Mortar Locations
Stores started closing this February and it is expected that all of the 700+ locations will be closed by mid-April. Bloomberg speculates that the retail space could be used to display popular Amazon products, such as the Echo.

21 March 2018
Judge rules defamation case against Donald Trump may proceed
The ruling also means that Trump will likely have to sit for a deposition in the case as Schecter said the suit has merit. Trump's lawyer in the case, Marc Kasowitz, did not respond to a request for comment.

20 March 2018
Alibaba puts United States dollars 2 bln more into Lazada, gives it new CEO
Alibaba has previously invested $2 billion in the Singapore-based firm, bringing its total investment to $4 billion. Global e-commerce giant Amazon entered the region past year , but is so far active only in Singapore.

20 March 2018
4th Nor'easter Arrives Tuesday With Start of Spring
The calendar may say spring begins on Tuesday but don't be surprised by the snow, courtesy of a coastal storm, Hoffman said. Plan for hard travel conditions, especially during the evening commute on Wednesday with possible reductions in visibility.