Dick's Makes Its Move For 17 Sports Authority Locations

Shares of Dick's Sporting Goods were caught up in the "Brexit"-induced selloff Monday, shedding 3% to close at $40 on weak volume despite the news that the company submitted bids on 17 Sports Authority stores nationwide. Other retailers bid on only one store, according to Reuters' sources. Sports Authority filed for Chapter 11 bankruptcy protection in March.

 

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