Byron Trott—who enjoys a reputation as Warren Buffett’s favorite banker—is apparently also pretty high on Kevin Plank’s list of people. Plank, executive chair of Under Armour Inc., sold Trott’s BDT Capital Partners about $100 million worth of shares.
Plank remains the company’s largest shareholder with 51 million shares, representing 12 percent of the total stock outstanding and 65 percent of the voting rights.
The executive chair — who this year turned day-to-day leadership of the company over to former Marriott executivePlank said: “I have maximum confidence in Under Armour, Stephanie Linnartz as CEO, and our strategy — especially our ability to drive future success and performance for shareholders.
Trott added, “We have strong conviction in Kevin’s vision for Under Armour and the refreshed, focused strategy laid out by Stephanie to position the business for attractive long-term growth.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kevin McCarthy's debt ceiling deal advances to key committee in first test of GOP supportThe debt ceiling agreement negotiated between House Speaker Kevin McCarthy and President Biden stands its first test before the House Rules Committee.
Read more »
When Compromise Makes a Comeback'Somehow, Biden and McCarthy managed to resurrect the art of compromise in an extraordinarily uncompromising time.' More from danschnur on our blog:
Read more »
Kevin Federline to Britney Spears, Approve Move to Hawaii or I'll Take You to CourtKevin Federline is giving Britney Spears' lawyer a Friday deadline to sign off on his planned move to Hawaii with their 2 kids, or he'll go to court to get a judge to give him the green light ... TMZ has learned.
Read more »
Opinion | Kevin McCarthy: Wasteful Government Doesn’t Have to Keep GrowingFrom WSJopinion: With the Fiscal Responsibility Act, we are changing the direction in Washington through a responsible debt-limit increase that cuts spending, saves taxpayers money and restores economic growth, writes SpeakerMcCarthy
Read more »
Iconic Texas wrestler Kevin Von Erich coming to San AntonioA member of the iconic Von Erich wrestling family is coming to San Antonio. Kevin Von Erich will be at the Charline McCombs Empire Theatre on Saturday, Sept. 2 for a one-on-one conversation, according to a news release.
Read more »