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Sports Direct considers bid for Blacks

By: Jeff James

Listed Under: Top Story

Published: Tuesday, March 02, 2010

Sports Direct has confirmed it is considering making a bid for Blacks Leisure, the outdoor retailer.

The company, owned by Mike Ashley, blocked Blacks’ proposed £20million fundraising plans last week.

Sports Direct currently has a 28 per cent stake in Blacks, which Ashley purchased for £6million.

Sports Direct added there can be no certainty that any offer will ultimately be made for Blacks and a further announcement will be made when appropriate.

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