TSN Hockey: Bella is going to make a lot of money for hockey fans

TSN Hockey: Bella is going to make a lot of money for hockey fans

TSN, the national broadcaster of Canadian sports, has bought Bella, the maker of polyester clothing, for $3.9 billion.

Bella announced the deal Thursday, saying it will pay $3 a share in cash, subject to adjustment for certain pre-tax and post-tax transactions.TSN has previously reported that Bella would generate $2.4 billion in profit in 2019-20, compared to a $1.6 billion loss in 2016-17.

The Canadian company has also raised $2 billion in debt since it announced the sale in September.

Bellacom, a Canadian clothing brand, was acquired by US-based Uniqlo in 2013.

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