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VARSITY SPIRIT: SIS BOOM BAH!Varsity Spirit shareholders can start cheering. Shares of the maker of cheerleader uniforms, which have been stuck in the mid-teens, jumped 28%, to 18 1/2, on May 6, after Riddell Sports, which makes girls' and boys' athletic uniforms, agreed to buy Varsity for $91 million, or roughly $19 a share. Varsity will now make and sell Riddell's line of girls' athletic wear as well as the pleated skirts and sweaters it now turns out. Riddell will keep making the boys' gear. Nice teamwork.
EDITED BY KELLEY HOLLAND RELATED ITEMS
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Updated June 15, 1997 by bwwebmaster
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