This is the closest we’ve ever come to a NSFW acquisition by a public company. Dick's Sporting Goods is picking up Chick's Sporting Goods, which is privately held. Dick's will pay $40 million in cash and assume around $31 million of indebtedness. There’s also a provision for an additional $5 million payout if Chick’s performs well. Which is probably another dirty joke in itself.
Dick's Sporting Goods Agrees to Acquire Chick's Sporting Goods [Press Release via Yahoo]
Posted by Aggravated Hedge Fund Chick , Nov 26, 2007 4:37PM
What does NSFW stand for? Sorry to be naive....
Posted by only if you're hot , Nov 26, 2007 4:43PM
not safe for work
Posted by I Hope , Nov 26, 2007 4:46PM
This better not be a "pump and dump" story.
Posted by jdc , Nov 26, 2007 5:03PM
I heard they are hoping for better market penetration.
Posted by Nominate me , Nov 26, 2007 5:33PM
What will be the tag line for the new company?
"At Chicks with Dicks Sporting Goods, there is a surprise around ever corner"
Posted by , Nov 26, 2007 6:37PM
How did Dick's pull this off with spreads widening?
Posted by The_Overdog , Nov 26, 2007 7:52PM
Dick's has got alot of balls to go after Chicks???
I got nothin'.....but anyways, i'll bet the M&A meetings involved donuts, coffee, powerpoint presentations, and lots of giggling.
Posted by btc , Nov 27, 2007 9:45AM
I heard Dicks isn't happy with the terms and might pull out