Shares of Nike (NKE) move up 1.0% premarket in the wake of an announced plan to divest itself of...

|About: Nike Inc. (NKE)|By:, SA News Editor

Shares of Nike (NKE) move up 1.0% premarket in the wake of an announced plan to divest itself of the Cole Haan and Umbro brands. The speculation on who the buyer may be is raging, with Adidas (ADDYY.PK) and Wolverine Worldwide (WWW) getting bandied about as possible chasers.