The merger involving Indianapolis-based The Finish Line Inc. (Nasdaq: FINL) has cleared a key hurdle. The company’s shareholders have approved the $560 million deal with JD Sports Fashion Plc in the United Kingdom.
The merger was first announced in March in what JD Executive Chairman Peter Cowgill called "a clear next step" in his company’s global ambitions. The Finish Line says, with the shareholder approval, the deal is expected to close June 18.
JD says, once the merger is complete, the executive team from The Finish Line will continue to be involved in the business. You can learn more about the merger by clicking here.