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Finish Line Struggles to Find JackRabbit Buyer

Finish Line (FINL) could struggle to find a buyer for its specialty running business JackRabbit, industry analysts told the TheStreet Monday.

The Indianapolis-based athletic shoe retailer announced that it is exploring options for the company, which could include a sale, and that it will take up to a $44 million charge as it goes through this process.

Finish Line hired M&A investment banking advisory firm Peter J. Solomon Co. to explore a sale. The firm has worked on a number of...