IFLR1000

JD Sports £90.1 million bid for Footasylum

19/3/2019
Public acquisition
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£ 90.1 million

$ 119.533 million

Announced

19/3/2019

Overview:

  • JD Sports has made a bid for Footasylum in a deal that values the shoe retailer at about £90.1 million.
  • The deal is valued at around 82.5p per share.
  • Footasylum is a sports-orientated shoe store headquartered in Rochdale with around 69 stories and around 2400 staff.

Sam Duke

Jurisdiction:

United Kingdom

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

England and Wales

Industry sector:

Consumer goods and services

Firms:
Addleshaw Goddard

Party: JD Sports (Bidder)

Lawyer: Roger Hart

Ashurst

Party: Rothschild (Financial adviser)

Lawyer: Tom Mercer

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