JD Sports Fashion to acquire the remaining 81.3% stake in Footasylum for c. £74m.

JD Sports Fashion, a sports-fashion retail company, agreed to acquire the remaining 81.3% stake in Footasylum, a British retailer of footwear, apparel, and accessories, for c. £74m. The £82.5 per share offer values the entire share capital of Footasylum at £90.1m and represents a 74.4% premium over the last business day's close. "We are pleased to make this Offer for Footasylum, which is very complementary to our existing businesses in the UK. We believe that there will be significant operational and strategic benefits through the combination of the very experienced and knowledgeable management team at Footasylum and our own expertise," Peter Cowgill, JD Executive Chairman.