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The Sports Authority, and Gart Sports Company, the largest and second largest USA sporting goods retailers, respectively, completed a merger that created the nation's preeminent full-line sporting goods chain. The combined company, now known as The Sports Authority. Sale Exercise Equipment, Under Armour, Bowflex and more. |
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The Sports Authority
About The Sports Authority
The Sports Authority, Inc opened its first store in November 1987 in Fort Lauderdale, Florida. In 1990, with approximately nine stores in six states, the company was acquired by Kmart. Five years later, The Sports Authority had expanded to 136 stores in 26 states, and was spun-off from parent Kmart. At the time of its merger with Gart Sports Company, The Sports Authority was the largest full-line sporting goods retailer in the United States, and had 205 stores in 33 states.
The Sports Authority, Inc. announced on May 3, 2006 that it had completed the going-private transaction approved at a special meeting of Sports Authority's stockholders on May 2, 2006. As a result of the transaction, each issued and outstanding share of The Sports Authority, Inc. common stock was cancelled and converted automatically into the right to receive $37.25 in cash, without interest. The transaction was led by Leonard Green & Partners, L.P. and members of The Sports Authority's management. Sports Authority's common stock, formerly traded on the New York Stock Exchange, is no longer publicly traded.Call us at
305-716-0229
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The Sports Authority The Sports Authority, and Gart Sports Company, the largest and second largest USA sporting goods retailers, respectively, completed a merger that crea |
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