£90m JD Sports takeover bid given green light by shareholders

JD Sports
Bury based JD Sports has been given shareholder backing to press ahead with its £90m takeover bid for rival firm Footasylum. JD Sports has subsequently declared its offer as “wholly unconditional”. The sportswear retailer received acceptance for its 82.5p per share offer from 78.2 million Footasylum shareholders, representing around 75 per cent of issued share capital. It is expected that JD Sports will keep the Footasylum brand due to its younger customer base. JD Sports chief executive Peter Cowgill said: “We are ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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