BUZZ-Under Armour jumps as Fairfax Financial acquires 22% stake

Reuters01-06

** Shares of sportswear maker Under Armour UAA.N jump 2.2% at $5.54 premarket

** Fairfax Financial discloses sizable stake as it holds ~42 mln UAA shares, or 22% of total, as of December 30

** Move comes as UAA seeks rebound after challenging year, marked by split with NBA star Stephen Curry and a 40% stock slump amid revenue decline

** UAA stock down 35.1% over the past year

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))

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