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Academy Sports + Outdoors Plans Secondary IPO

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Academy Sports + Outdoors’s largest shareholder is selling its stake. Affiliates of private equity firm Kohlberg Kravis Roberts & Co. LP (KKR) hold 18.6 million Academy shares, a roughly 20 percent stake valued at nearly $852.8 million as of Friday’s close at $45.74 a share. The share sale would essentially be a secondary initial public…

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