Gerry To Net $143m On Rebel

RETAILER Harvey Norman stands to make a $143 million profit after agreeing to sell its majority holding in sporting goods retailer Rebel Sport to private equity outfit Archer Capital in a deal that values the company at nearly $370 million.

Privateers Circle Rebel Sport Speculation Suggests $5-a-share Bid Looms

AN UNNAMED private equity outfit is believed to be preparing a $400 million takeover bid for Australia's largest sporting goods retailer.