Sports Authority (NYSE:TSA)
Historical Stock Chart
From May 2019 to May 2024
The Sports Authority, Inc. (NYSE: TSA) today announced
that it will convene a special meeting of stockholders on Tuesday, May
2, 2006, to vote to approve its acquisition by an investor group led
by Leonard Green & Partners, L.P.. The meeting will be held at 9:00
a.m. Mountain Daylight Time at Sports Authority's headquarters at 1050
W. Hampden Avenue, Englewood, Colorado 80110. Stockholders at the
close of business on the record date of March 30, 2006, will be
eligible to vote at the special meeting. Sports Authority anticipates
filing its definitive proxy statement with the Securities and Exchange
Commission on or about Friday, March 31, 2006.
Forward-Looking Statements
This document includes statements that do not directly or
exclusively relate to historical facts. Such statements are
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. These forward-looking statements include statements regarding
benefits of the proposed transactions, expected cost savings and
anticipated future financial operating performance and results,
including estimates of growth. These statements are based on the
current expectations of management of Sports Authority. There are a
number of risks and uncertainties that could cause actual results to
differ materially from the forward-looking statements included in this
document. For example, among other things, (1) Sports Authority may be
unable to obtain shareholder approval required for the transaction;
(2) conditions to the closing of the transaction may not be satisfied;
(3) the transaction may involve unexpected costs or unexpected
liabilities; (4) the businesses of Sports Authority may suffer as a
result of uncertainty surrounding the transaction; and (5) Sports
Authority may be adversely affected by other economic, business,
and/or competitive factors. Additional factors that may affect the
future results of Sports Authority are set forth in its filings with
the Securities and Exchange Commission ("SEC"), which are available at
http://www.sportsauthority.com. Unless required by law, Sports
Authority undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Additional Information and Where to Find It
In connection with the proposed transaction, a definitive proxy
statement of Sports Authority and other materials will be filed with
U.S. Securities and Exchange Commission. 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 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.