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Sports Direct abandons Blacks takeover
- Posted:
- 01 April 2010 09:49
Sports Direct has abandoned plans to make a takeover bid for Blacks Leisure after concerns were raised that suppliers would pull their goods out of the outdoor firm's stores if the deal went ahead.Sports Direct, which is Blacks' biggest shareholder, said that it had asked Blacks for details of any ...read more
Blacks rejects Sports Direct’s "wholly inadequate" offer
- Posted:
- 19 March 2010 09:25
The board of Blacks Leisure Group has rejected an approach from Sports Direct International as "wholly inadequate" in an announcement today. The offer of 62 pence-per-share values the company at £26 million and is subject to several pre-conditions, including the unanimous recommendation of the offer by the board of Blacks, however, the board ...read more
Blacks presses ahead with expansion
- Posted:
- 09 March 2010 09:36
Outdoor group Blacks has said that it will continue with its store expansion plans, despite a potential takeover bid from Sports Direct. Blacks said that two new outlets had already been opened and another three were in the pipeline as it continues with its turnaround strategy, in defiance of Sports ...read more
Sports Direct considers Blacks bid
- Posted:
- 02 March 2010 09:15
Sports Direct has confirmed that it is considering an offer for Blacks Leisure Group.The company added in a statement that there could be no certainty of an offer being made, although speculation that Sports Direct was considering a bid has been circulating since it bought up over 28% of Blacks' ...read more
Blacks postpones EGM
- Posted:
- 24 February 2010 09:26
Blacks Leisure has said that it will be adjourning today's EGM, which had been called for shareholders to vote on the group's intended £20.3 million fundraising plan.The group said that it had adjourned the meeting in order to buy it more time to conclude emergency talks with Sports Direct, which ...read more
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