By Steve Moore | Tuesday 11 February 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
March of last year saw JD Sports Fashion (JD.) “pleased to make this offer for Footasylum, which is very complementary to our existing businesses in the UK. We believe that there will be significant operational and strategic benefits through the combination of the very experienced and knowledgeable management team at Footasylum and our own expertise”. Now “the Competition and Markets Authority's in-depth Phase 2 investigation has provisionally found that the deal substantially lessens competition nationally”. Uh oh…
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