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Under Armour shares surge after Fairfax Financial reveals 22 percent stake in the brand

One of Under Armour’s largest shareholders boosted its position in the company as Fairfax Financial Holdings increased its stake by buying an additional 13.1 million shares — raising its stake to around 42 million shares. In a regulatory filing with the U.S. Securities and Exchange Commission disclosed on Monday, the Toronto-based Fairfax revealed that it …

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