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Sports Direct drops Blacks bid

Sports Direct has decided that it will not make an offer for rival Blacks Leisure

CITY & CORPORATE

Sports Direct drops Blacks bid

Sports Direct has decided that it will not make an offer for rival Blacks Leisure

Sports Direct said Blacks had indicated that some key suppliers would not supply Blacks if Sports Direct made a successful offer and had requested confirmation of, and the details underlying, any supplier indications to Blacks, but it said, the Blacks board had neither provided this information nor denied its existence.

It adds: "Without clarification in relation to this issue, Sports Direct has been unable to finalise its views on the value of any potential offer.

"Accordingly, Sports Direct has determined that it would not be in its shareholders' interests to make an offer for Blacks at this time."

But Sports Direct is reserving the right to make or take part in an offer for Blacks within the next six months.

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