Blacks’ Fund-raising Vote Passes And Pentland Picks A Small Share

Blacks Leisure, the leading British outdoor retailer, has overcome an attempted block by its largest shareholder, Sports Direct International (SDI), to raise funds for its turnaround plan. At a general meeting held last week, Blacks’ managers obtained approval from the company’s shareholders to raise £19.7 million (€23.0m-$28.2m) through a share ...

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