Under Armour Inc Class C

UA: XNYS (USA)
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Under Armour: Deeper Restructuring Includes Surprising Curry Brand Surrender; Shares Undervalued

Under Armour announced larger cuts in personnel and sponsorships under its ongoing turnaround plan than originally expected. Most significantly, Curry Brand will become independent. Under Armour raised its expectation for total restructuring charges to $255 million from $160 million previously.

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