Chick’s With Dick’s

Posted by John Carney, Nov 26, 2007, 4:23pm

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]

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Posted in: M&A

Comments

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

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