Management buyout causes shares to rise to 117.5p

JJB buy-out rumours spark share boost

Sportswear chain JJB has seen its shares jump to 117.5p following a buy-out rumour.

According to Retail Week, many traders are of the opinion that JJB should wait until the price drops prior to a sale. Others however advised that action should be taken before customers begin buying Olympics merchandise.

See the Retail Week story here.

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