Tuesday, October 18, 2016

Dick's Prepares Bid for Golfsmith's U.S. Stores

The Dick's Sporting Goods store in Broomfield, Colorado is seen November 18, 2014. Dick's Sporting Goods Inc are set to release their Q3 2014 earnings November 18, 2014.Dick's Sporting Goods is preparing a bid for the U.S. business of bankrupt Golfsmith International Holdings, challenging an offer by rival retailer Worldwide Golf Shops, people familiar with the matter said on Monday.

While bids for Golfsmith, owned by OMERS Private Equity, the buyout arm of one of Canada's largest pension funds, were due earlier on Monday, Dick's was given an extension until Tuesday morning to submit its offer, the people said.. . . more

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