NEW YORK, NY / ACCESSWIRE / April 4, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report with no obligation on The Finish Line, Inc. (NASDAQ: FINL), a retailer that carries shoes, apparel and accessories.
On March 26, 2018 the company announced a merger agreement with JD Sports Fashion Plc (JD). Wherein, JD will acquire 100% of Finish Line shares at a price of $13.50 per share in cash representing an aggregate deal value of approximately $558 million. JD is the leading European retailer of sports, fashion, and outdoor brands. Under JD, Finish Line will retain its management team and continue with restructuring.
The company recently announced preliminary results for the fourth quarter and fiscal year 2018.
Get the merger fine print details an analyst review and FYE financial details READ MORE.
Copy and paste to your browser may be required to view the report – http://bit.ly/2JhowbF-FINL-Report.
The acquisition, which is expected to close by June, will have an incredibly positive impact on the operational-value unlocking process in the long term and is likely to provide a much-needed boost to the overall growth of the FINL. Moreover, this will also grant Finish Line with relatively much stronger negotiating power with manufacturers and suppliers such as Adidas and Nike. Also, Finish Line will benefit from JD's relationship with manufacturers, helping it to win exclusive launches from them.
The company's stock immediately rose above the merger price and remain at that level.
Read about the merger benefits for FINL and JD Sports in this report READ MORE.
Copy and paste to your browser may be required to view the report – http://bit.ly/2JhowbF-FINL-Report.
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