Sport Supply Group, Inc. (NASDAQ:RBI) has announced that it has entered into a definitive merger agreement for its acquisition by an affiliate of ONCAP Management Partners, LP. ONCAP is a mid market private equity business of Onex Corporation. Pursuant to the terms of the merger agreement, all Sport Supply Group outstanding common shares will be acquired at a price of $13.55 per share. CBT Holdings, LLC, which owns 16% of the company’s outstanding stock, has also entered into agreements with ONCAP to exchange their Sport Supply Group common stock and options for equity of the purchaser entity. For more information about the merger, visit www.sportsupplygroup.com.
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Sport Supply Group, Inc. (Sport Supply Group) is a marketer, manufacturer and distributor of sporting goods equipment, physical education, recreational and leisure products (sporting goods equipment), and a marketer and distributor of soft good athletic apparel and footwear products (soft goods), primarily to the institutional market in the United States. The institutional market consists of youth sports programs, Young Men's Catholic Associations (YMCAs), Young Women's Christian Associations (YWCAs), park and recreational organizations, schools, colleges, churches, government agencies, athletic teams, athletic clubs and sporting goods dealers. It markets more than 20,000 sports-related equipment products, soft goods and recreational-related equipment and products to institutional, retail and Internet customers. On July 27, 2009, the Company purchased certain team sports assets of Har-Bell Athletic Goods based in Missouri.
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