Market Overview

Dick's Sporting Goods, Academy Sports Interested In Acquiring Sports Authority Assets

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According to a report from Reuters, Dicks Sporting Goods Inc (NYSE: DKS) has expressed interest in acquiring the assets of Sports Authority, which are on sale after the company declared bankruptcy.

Related Link: Sports Authority Bankruptcy Indicates "Secular Implosion Of Traditional Retail"

Reuters added that Academy Sports + Outdoors is also interested in acquiring the assets. Both companies have already submitted letters of interest to acquire some of the store's assets.

An auction will be determined if Sports Authority will be sold off in pieces or as a whole, Reuters added.

Dick's Sporting Goods stock showed no trades early Friday morning.

Posted-In: Academy Sports + Outdoors Reuters Sporting Good Retailers sports authorityNews Sports Trading Ideas General

 

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