Jjb Is Fined For Fudging Acquisition Costs

2011-02-01T00:00:00

The Financial Services Authority of the U.K. has fined JJB Sports £445,000 (€518,330-$707,145) for not properly disclosing the costs of two acquisitions. The first one, from 2007, was the takeover of the former Original Shoe Company. JJB said it paid £5 million (€5.8m-$7.9m) in cash for the chain. It turns ...

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