Cramer Thinks Nike (NKE) Should Buy Under Armour (UA)
On CNBC's Mad Money tonight, Jim Cramer said he thinks Nike (NYSE: NKE) should buy Under Armour, Inc. (NYSE: UA). Cramer said a takeover of Under Armour would give Nike access to untapped markets.
Cramer said Under Armour shareholders should be happy with a takeover price of $30 per share, especially the original shareholders, which got in at $13 per share.
I'll give props to Cramer on this one. It makes perfect sense and would be a match made in heaven.
Under Armour, Inc., designs, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth primarily in the United States and Canada
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