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Rumor: Nike to Buy Under Armour

Speculation has quietly begun surrounding a potential pairing between Nike Inc. and Under Armour Inc.  According to the London Times, Nike has been considering a takeover bid for several months now and a deal could be in the works. Posing significant financial advantage to Nike’s already impressive subsidiary umbrella, a deal could also mean substantial expansion to Under Armour’s relatively small international business.  Closing out Thursday with a share value of $76.82 USD, the newspaper suggests that Nike may be prepared to offer upwards of $100 USD per share for the Baltimore, Maryland-based athletic brand.  While substantive information is still forthcoming, many analysts and periodicals have already begun to debate the logic and repercussions of a Nike/Under Armour takeover scenario.

Source:  WWD

Date: Sep 16, 2011  /  Views: 3741  /  Author: alexmaeland
Category: Style  /  Tags: Nike, Fashion, Under armour