Sports Direct Increases Debenhams Stake To 16%
Mike Ashley’s Sports Direct has raised its stake in High Street department store chain Debenhams. Regulatory filings show Sports Direct has now upped its interest in Debenhams stock from 13.38% to 16.09%. But instead of buying Debenhams shares outright, the sports firm instead holds “options in stock”, which gives it a right to buy shares … Read more