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JD Sports shareholders approve Finish Line takeover

JD Sports shareholders have voted to approve the $588m (£396m) takeover of American sportwear retailer The Finish Line.

A resolution in favour of the takeover was passed at a general meeting of the Bury-based retailer on 11 June, with 99.9% of shareholders approving the acquisition, which was first announced in March.

Finish Line is one of the largest retailers of premium multi-branded athletic footwear, apparel and accessories in the US.

It trades from 556 Finish Line-branded retail stores across 44 US states and in Puerto Rico, as well as online.

According to a statement by JD Sports, the acquisition has passed the final hurdle with the shareholder, and is expected to complete on 18 June.

 

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