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