Quote:
Canadian Tire Corp. Ltd. said Monday it is buying sporting goods retailer Forzani Group Ltd. for $26.50 a share in cash.
The deal is worth $771 million, excluding Forzani debt and the 1.3 million shares or four per cent of the company that Canadian Tire already owns.
Calgary-based Forzani Group has more than 500 retail outlets, including under the Sport Chek and Sports Experts banners. The company has annual revenue of roughly $1.4 billion.
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http://www.cbc.ca/news/business/stor...ani-group.html
This had been rumored for a few years now, looks like it's finally about to happen.