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Sports Direct buys 35% of Finish Line

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Sports Direct buys 35% of Finish Line

U.K.-based athletic goods retailer Sports Direct owns 3,328,600 common shares in U.S.-based sports goods retailer Finish Line Inc., according to an SEC filing issued Dec. 19. The British company also owns an indirect economic interest of an additional 10,745,581 shares.

Sports Direct holds a total stake of 35.02% in Finish Line, according to the filing. It holds its indirect stake through contracts for difference, or CFDs, with certain unrelated third parties.

Sports Direct does not have voting powers for the Finish Line shares represented by CFDs, according to the filing.