Sports Authority (NYSE:TSA)
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The Sports Authority, Inc. (NYSE: TSA) is scheduled to
report financial results for the fourth quarter and 2005 fiscal year
ended January 28, 2006 on Tuesday, March 7, 2006 before the market
opens. The company will not be hosting an earnings conference call.
On January 23, 2006, The Sports Authority, Inc. announced that it
had entered into a definitive agreement to be acquired by an investor
group led by Leonard Green & Partners, L.P. and including members of
Sports Authority's senior management team, for $37.25 per share in
cash.
DISCLAIMER
In connection with the proposed transaction, a definitive proxy
statement of Sports Authority and other materials will be filed with
Securities and Exchange Commission (SEC). WE URGE INVESTORS TO READ
THE DEFINITIVE PROXY STATEMENT AND THESE OTHER MATERIALS CAREFULLY
WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT SPORTS AUTHORITY AND THE PROPOSED TRANSACTION.
Investors will be able to obtain free copies of the definitive proxy
statement (when available) as well as other filed documents containing
information about Sports Authority at http://www.sec.gov, the SEC's
free internet site. Free copies of Sports Authority's SEC filings are
also available on Sports Authority's internet site at
http://www.sportsauthority.com.
Participants in the Solicitation
Sports Authority and its executive officers and directors may be
deemed, under SEC rules, to be participants in the solicitation of
proxies from Sports Authority's stockholders with respect to the
proposed transaction. Information regarding the officers and directors
of Sports Authority is included in its definitive proxy statement for
its 2005 annual meeting filed with the SEC on April 27, 2005. More
detailed information regarding the identity of potential participants,
and their direct or indirect interests, by securities, holdings or
otherwise, will be set forth in the definitive proxy statement and
other materials to be filed with the SEC in connection with the
proposed transaction.
The Sports Authority, headquartered in Englewood, CO, is one of
the nation's largest full-line sporting goods retailers offering a
comprehensive high-quality assortment of brand name sporting apparel
and equipment at competitive prices. As of January 28, 2006, The
Sports Authority operated 398 stores in 45 states under The Sports
Authority(R), Gart Sports(R), Sportmart(R) and Oshman's(R) names. The
Company's e-tailing websites, located at thesportsauthority.com,
gartsports.com, sportmart.com and oshmans.com, are operated by GSI
Commerce, Inc. under license and e-commerce agreements. In addition, a
joint venture with AEON Co., Ltd. operates "The Sports Authority"
stores in Japan under a licensing agreement.
This announcement contains, in addition to historical information,
certain forward-looking statements that involve risks and
uncertainties. Actual results could differ materially from those
currently anticipated as a result of a number of factors, including
risks and uncertainties discussed in Sports Authority's filings with
the SEC. Those risks include, among other things, rapidly changing
accounting rules, regulations and interpretations; changes in the
competitive environment in the sporting goods industry in general and
in the specific market areas of the Company; changes in consumer
confidence; changes in discretionary consumer spending; changes in
costs of goods and services and economic conditions in general, and in
the companies' specific market areas; unseasonable weather; and
uncertainty relating to the proposed transaction including whether or
not the transaction will be completed. The Company assumes no
obligation to update any forward-looking statements as a result of new
information or future events or developments.