What's more exciting for an organization than a acquisition...especially if you are on the acquisition side! Dick's has not been involved in too many of these transactions over the last 10 years, but one important one took place back in 2007. Dick's agreed to purchase Chick's Sporting Goods for $41 Million. I've attached the link that details the transaction:
http://www.prnewswire.com/news-releases/dicks-sporting-goods-agrees-to-acquire-chicks-sporting-goods-59884972.html
What's almost as exciting are the rumors of an acquisition. Earlier this year, Dick's was thought to be on the block and prime target for Equity Firms. I've attached another link to an article that illustrates just how that could have happened.
http://www.streetinsider.com/Analyst+Comments/Dicks+Sporting+Goods+(DKS)+Could+Be+Acquired+in+Mid+$60s,+Says+Deutsche+Bank/10146468.html
What's interesting is what these rumors do to the stock price. The attached article does a nice job of showing how speculation can manipulate the stock price of an organization like Dick's!
Rick will give weekly updates on one of the more community friendly companies in America.
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