NEW YORK — The Sports Authority Inc. said on Monday that it entered into a definitive agreement to be acquired by an investor group affiliated with Leonard Green & Partners for $1.3 billion, or $37.25 a share. The investor group, led by Green Equity Investors, includes members of TSA’s senior management team. The transaction, which includes assumed debt, is expected to close in the second quarter of 2006. The deal is still subject to shareholder approval and the requisite regulatory requirements. TSA’s board has already unanimously approved the merger agreement.
The Sports Authority to be Acquired for $1.3 Billion
NEW YORK — The Sports Authority Inc. said on Monday that it entered into a definitive agreement to be acquired by an investor group affiliated with Leonard Green & Partners for $1.3 billion, or $37.25 a share. The investor group, led by Green...