U.K. sports retail company Sports Direct announced on Friday that it received the approval of the Delaware Bankruptcy Court to acquire certain assets of Eastern Outfitters LLC, including the businesses of Bob’s Stores and Eastern Mountain Sports for $101 million in cash, according to a company press release.
Sports Direct, through share bought between March 30 and April 13, also acquired a 7.9% stake in The Finish Line Inc., according to a regulatory filing cited by SBG Media. The stake makes Sports Direct the fifth-largest shareholder of Finish Line, according to FactSet data cited by SGB.
