Nike Is Preparing To Buy British UMBRO

Xinhua net Paris on October 19 (reporter Lu Longjun) the French echo newspaper disclosed on the 19 day, the British sporting goods enterprise UMBRO (Umbro) is likely to be publicly bought in the near future, and the most likely buyer is Nike, the largest sporting goods manufacturer in the world.

UMBRO reported that it had received a takeover offer 18 days ago, but did not mention the purchase price and the name of the acquirer.

Information from many sources shows that the most likely acquirer is Nike.

Reuters has also reported that progress has been made in the consultations between the two sides.

But Nike declined to comment.

After UMBRO announced that it might become a takeover target, its stock price soared 27.5%, and hit a record high.

UMBRO is the largest sporting goods business in the UK, especially in football related industries.

UMBRO has always been the sponsor of the British national football team.

Last year, its turnover surged 21% to 150 million pounds (1 pounds, or about 2 dollars), with net profit of nearly 20 million pounds.