Nike Sells Starter to Iconix Brand Group
Beaverton, Oregon, November 15 (ots/PRNewswire) - NIKE, Inc. (NYSE: NKE) today announced that it has reached a definitive agreement to sell its Starter brand to Iconix Brand Group, Inc. (Nasdaq: ICON) for US$60 million in cash. Nike expects the transaction to be completed in December. (Logo: http://www.newscom.com/cgi-bin/prnh/19990818/NIKELOGO) "We're pleased to have found a buyer committed to investing ...