Tuesday, November 27, 2018

Kevin Plank says it would be 'obligation' to sell Under Armour if the price is right

CEO Kevin Plank would consider selling Under Armour Inc. for the right price, but he hasn’t seen it yet. Plank told fellow billionaire and the Carlyle Group LP co-founder David Rubenstein during an interview in Washington, D.C., that he would have no choice but to sell Under Armour if offered the right price because he has a fiduciary responsibility to shareholders. Rubenstein, who donned a pair of Under Armour sneakers, asked Plank if he has ever received acquisition offers from Nike Inc. founder…



from https://www.bizjournals.com/baltimore/news/2018/11/27/kevin-plank-says-it-would-be-an-obligation-tosell.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/180561763987

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