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NIKE acquires 19.9% of Umbro shares from Sports Direct
22 Dec '07
2 min read
The acquisition will significantly expand Nike's global leadership in football, a key growth category for the company. Nike intends to operate Umbro as a stand-alone brand, with a focus on accelerating Umbro's existing growth strategy.
Umbro's shareholders are scheduled to vote on the Transaction at the Court Meeting and General Meeting to be held on January 31, 2008.
Capitalized terms used, but not defined, in this announcement shall have the same meaning as set out in the Umbro Scheme Document dated November 23, 2007.
Umbro's shareholders are scheduled to vote on the Transaction at the Court Meeting and General Meeting to be held on January 31, 2008.
Capitalized terms used, but not defined, in this announcement shall have the same meaning as set out in the Umbro Scheme Document dated November 23, 2007.
NIKE Inc
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