BOO TO ACQUIRE REST OF SPORT SUPPLY, NET SOARS.
Collegiate Pacific has signed a definitive agreementto acquire the remaining 47% of Sport Supply in a stock swap valued at $6.74per SSPY share. BOO, which purchased the other 53% of Sport Supply at the sameprice in cash on July 1, is merging with its one-time rival in institutionalteam equipment. As a result of the combination, more than 750 similar SKUs willbe eliminated, manufacturing and distribution facilities will be combined andthere will be leveraging of SSPY’s IT and Web infrastructure. CollegiatePacific estimates the SKU ... Log in to view full article.
