Nike may be considering acquiring Under Armour - sportstextiles: Lea SportsTextiles

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Nike may be considering acquiring Under Armour

19/09/2011

US sports brand Nike has been reported to be reviewing a possible acquisition of athletic apparel and footwear retailer Under Armour, according to website Investor Guide. Nike currently has $4.5 billion in cash and $663 million in debt, while Under Armour currently has an enterprise value of $3.6 billion.

 

Analysts believe that Under Armour, whose majority (93.8%) of 2010 revenue came from North America, could benefit from the global exposure that Nike could bring, the website has reported.

 

 


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