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Is Dick’s Buying Sports Authority?

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Sports Authority could be sold to one of its oldest rivals.

Two people familiar with the situation told Bloomberg Business that the struggling chain, which was bought in a $1.3 billion management-led buyout by private-equity firm Leonard Green & Partners LP in 2006 and is preparing to file for Chapter 11, is in talks to sell its stores and intellectual property to Dick’s Sporting Goods. The sources said the private discussions are in the early stages and a potential deal is one of several options being considered

Read more at Sourcing Journal.

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