Ashley’s Sports Direct drops decide to buy Debenhams

(Reuters) – Billionaire Mike Ashley's Sports Direct (LON:SPD) said hello failed to intend to make an agreement to buy Debenhams after lenders took management of the ailing retailer .

Sports Direct had until April 22 to make a firm offer for your retailer or disappear under British takeover rules.

Debenhams was residing in a long-running battle for control featuring a largest shareholder, Ashley's Sports Direct.