More Heatons shareholders needed to approve Sports Direct buyout

Mark and Hugh Heaton set to make millions if Sports Direct deal is agreed

11th October, 2015
Sports Direct founder Mike Ashley Picture: PA

Sports Direct, the British retailer founded by Newcastle United owner and Rangers FC shareholder Mike Ashley, needs the agreementa of several other shareholders to acquire Heatons in full.

Sports Direct last week said it planned to buy the 50 per cent it does not already own of the fashion and homewares retailer. The deal would value the business at €95 million.

However, the firm – which currently owns 50 per cent of the Heatons’ holding company...

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