Page last updated at 07:55 GMT, Tuesday, 2 March 2010

Sports Direct considers buying Blacks Leisure

Blacks store
Blacks has shut stores recently and reported better trading

Sports goods retailer Sports Direct says it is considering a takeover offer for Blacks Leisure.

Its announcement comes a week after it blocked an attempt by Blacks to raise extra funds.

Sports Direct, which owns Sports World stores, as well as brands including Slazenger and Dunlop, already owns almost 30% of Blacks shares.

The Blacks Leisure group includes Blacks Stores, as well as Millets and Freespirit.

Blacks recently said it was on a "much stronger footing" after it closed 87 loss-making stores and reported good Christmas trading.

Sports Direct is controlled by the Newcastle United owner, Mike Ashley.

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Financial TimesAustralia posts fastest GDP rise in two years - 3 hrs ago
Sky News Sport Direct Mulls Takeover Of Millets Owner - 5 hrs ago
Economist Intelligence UnitLat-Am: Re-setting ties - 11 hrs ago
Observer Glazers plan seven-year stay at United - 11 hrs ago
Reuters India UPDATE 2-Sports Direct mulls bid for Blacks Leisure - 19 hrs ago
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