Everlast is at the centre of a takeover tussle
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UK sportswear retailer Sports Direct International has increased its takeover offer for US boxing equipment firm Everlast to $182.3m (£90.7m).
Sports Direct's increased all-cash bid comes after the rival bidder for Everlast, US investment fund Hidary, increased its own offer at the weekend.
Hidary on Saturday lifted its all-stock bid to $31.25-per-share from $26.50.
Sports Direct is now offering Everlast shareholders $33-per-share, up from its first bid of $30-per-share worth $168m.
Takeover spree
Sports Direct is owned by UK billionaire Mike Ashley.
Mr Ashley last week increased his stake in Newcastle United to 93.2% - which will allow him to remove the football club from the stock market.
Earlier this year he also bought the Lonsdale sportswear brand.
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