The sports programs get extra cash and free gear while brands land a coveted spot advertising in the multi billion world of college sports.Nike’s payments will be made directly to the university’s athletic department, said Michigan spokesman Kurt Svoboda. Its budget is independent from the overall university.Related: How Nike became king of endorsements”Generally, everything we do is about supporting the athletes,” Svoboda said when asked whether some funds will be given to the academic side.College athletic departments, particularly at high performing Division I schools, spend big money on scholarships, travel arrangements, facilities and medical expenses.But Svoboda added that the Nike deal will go beyond athletics. “Nike will be doing educational things on our campus, like partnering in tech, design and engineering,” he said.
I have always played sports and been physically active my whole 16 years of life, however, up until the start of summer 2017, I have not been a big runner. That changed one day last summer when I decided to try running just like my Poppa. I started off by running a loop around our neighborhood and soon realized how much fun running can be.
Activist investor Bill Ackman and his estranged former collaborator in a 2014 hostile takeover bid for botox maker Allergan Inc. Will likely face a jury trial next month over civil claims they engaged in illegal insider trading. District Judge David Carter issued a tentative ruling at a hearing Friday in Santa Ana, California, denying a request by Ackman and Valeant Pharmaceuticals International Inc.
SNC Lavalin Group Inc. $3.2 billion sale of its 100% stake in AltaLink puts the company in a position to execute on a large share buyback, pay out a special dividend, or pursue M opportunities.Following the deal to divest of the Alberta electricity transmission company to Warren Buffett Berkshire Hathaway Energy, SNC net cash position will be approximately $3.6 billion.Management has indicated that M aimed at strengthening SNC oil and gas business is top of mind.to a lack of obvious ($1 billion+) targets, we believe a number of tuck ins are more likely than something transformational, Canaccord Genuity analyst Yuri Lynk told clients, noting that a share buyback and special dividend are also possibilities.He raised his price target on SNC shares to $63 from $59.Pierre Lacroix, an analyst at Desjardins Securities, hiked his target price to $61 from $55 and expects a positive reaction in the share price in light of SNC various means to redeploy proceeds for investors.our view, an acquisition represents a major catalyst over the next 6 months, he said in a research note, adding that SNC has indicated that it could pursue a buyback or dividend if a suitable acquisition is not possible. Ltd.Mr.