Chick’s With Dick’s

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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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