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JD Sports to buy The Finish Line of the U.S. for $558 million

Reuters - UK Focus

LONDON, March 26 (Reuters) - British sports and fashion retailer JD Sports Fashion (LSE: JD.L - news) said on Monday it has agreed to buy U.S. firm The Finish Line (NasdaqGS: FINL - news) , Inc for $558 million (396 million pounds), boosting its presence in the world's largest sportswear market.

JD Sports said it had agreed to pay $13.50 per The Finish Line share.

The Finish Line is one of the largest retailers of premium multi-branded athletic footwear, apparel and accessories in the U.S., JD said. ($1 = 0.7064 pounds) (Reporting by James Davey; editing by Sarah Young)