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#PlaybyPlay: Malibu Boats (NasdaqGM: $MBUU) to Acquire Assets of Pursuit Boats for $100 Million and Foot Locker (NYSE: $FL) Declares Quarterly Dividend

#IndyCar's Wickens Has Spinal Surgery Following Crash at Pocono, Li Na Could Be the First Asian #Tennis HOF Inductee and Borgata #Casino in NJ Launches Mobile #SportsBetting App

Play by Play - the latest sports headlines and sports stock news

 

Point Roberts, WA and Delta, BC - August 22, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in investor news and research issues today's edition of Play by Play covering what's new in sports headlines and recent news from publicly traded companies in the sector.

Play by Play - the latest sports headlines and sports stock news

Malibu Boats to Acquire Assets of Pursuit Boats for $100 Million and Foot Locker Declares Quarterly Dividend

Stocks discussed: (NasdaqGM:MBUU) (NYSE:FL)

Malibu Boats (NasdaqGM:MBUU) has signed a definitive agreement to acquire the assets of Pursuit Boats from S2 Yachts, Inc. for $100 million. GlobeNewswire lists the following transaction highlights:

  • Premium brand positioned in one of the largest and fastest growing segments in the marine industry
  • Broadens Malibu's breadth of boat offerings, diversifies end markets, and boosts growth profile
  • Ability to leverage manufacturing, design expertise and distribution to accelerate outboard growth
  • Transaction expected to close in the fourth calendar quarter of 2018; anticipated to be immediately accretive to earnings per share in FY19, excluding purchase accounting and acquisition costs

Foot Locker (NYSE:FL) has declared a quarterly cash dividend on their common stock of $0.345 per share. It will be payable on November 2, 2018 to shareholders of record on October 19, 2018.

IndyCar's Wickens Has Spinal Surgery Following Crash at Pocono, Li Na Could Be the First Asian Tennis HOF Inductee and Borgata Casino in NJ Launches Mobile Sports Betting App

IndyCar driver Robert Wickens, who was in a crash at Pocono Raceway in Philadelphia, has had titanium rods and screws inserted into his spine, according to the Associated Press. This was done to support his spine after he sustained a spinal cord injury in the crash. Wickens, who was a championship driver in Europe, left this year to become a rookie in IndyCar. He is in stable condition and is expected to undergo more surgeries.

WTA reports that Conchita Martínez, Li Na and Mary Pierce have all been named on the 2019 International Tennis Hall of Fame ballot. China's Li Na would be the first Asian player to be elected to the Hall of Fame in its history. Li expressed gratitude for the recognition and satisfaction that the sport is growing in popularity in her home country.

"I'm very honored to be nominated for the International Tennis Hall of Fame. Tennis' history in China is still young, and it's been a privilege for me to be part of the sport becoming so popular there. I've loved to see so many young people get involved, and to see more of a presence from China on the tours. To be considered to be in the Hall of Fame alongside some of the best players in tennis history is a great honor for me and my country. I'm very proud and I am grateful for the nomination."

The Borgata, the first casino in Atlantic City to offer sports betting, has just launched a mobile sports betting app for Android, according to the AP. The casino said the app will be made available for other types of phones shortly. The first bet taken on the app was $50 for the Philadelphia Eagles to win the Super Bowl again.

Sam Mowers, Investorideas.com

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