The world’s leading footwear designer, Nike (NKE), has been rumored by the London Times to be reviewing an acquisition ofUnder Armour (UA). Nike currently has over $4.5B in cash with $663B in debt while the enterprise value of Under Armour is currently trading at $3.6B, or a pricey 22.8x EBITDA. Since September 15 of last year, UA has gone up […]
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