UK sportswear retailer JD Sports Fashion has said it will not bid for its struggling rival, UK-based retailer JJB Sports.

Last month JD said it was in talks with JJB, regarding a possible takeover offer. But it said on 11 March 2011 it would not proceed with a bid.

JJB recently set out the details of a rescue plan to keep it in business.

It needs creditors, including landlords and shareholders to back its second company voluntary arrangement (CVA) in as many years or it will likely go into administration, threatening 6,300 jobs.

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