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Fly News Breaks for March 30, 2018
FINL
Mar 30, 2018 | 07:43 EDT
Jefferies analyst Randal Konik downgraded Finish Line (FINL) to Hold from Buy and lowered his price target for the shares to $13.50 from $15. The company reported Q4 results on March 29 and on March 26 announced that it had entered into a definitive merger agreement with JD Sports Fashion under which JD will acquire the company for $13.50 per share in an all cash transaction. The expected timeline to close on the agreement is no earlier than June 2018. Finish Line shares closed on Thursday down 35c to $13.54.
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