Robbins Umeda LLP Announces an Investigation of the Acquisition of Sport Supply Group, Inc. by an affiliate of ONCAP Manageme...
16 March 2010 - 8:50AM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the Board of Directors of Sport Supply Group, Inc.
("Sport Supply Group") (NASDAQ:RBI) in connection with their
actions in causing Sport Supply Group to enter into a definitive
merger agreement with ONCAP Management Partners, L.P., the
mid-market private equity business of Onex Corporation. If the
transaction is approved, Sport Supply Group shareholders will
receive $13.55 in cash per share of Sport Supply Group common stock
they hold. The transaction is expected to close in the second or
third quarter of this year.
Robbins Umeda LLP's investigation concerns whether the
acceptance and recommendation of the offer by Sport Supply Group's
Board of Directors was the result of a fair process designed to
secure the best possible price for all shareholders of Sport Supply
Group.
If you are a shareholder of Sport Supply Group, and would like
more information about your rights as a shareholder, please contact
attorney Lauren Levi at 800-350-6003 or by e-mail at
llevi@robbinsumeda.com.
Robbins Umeda LLP is a California-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please go to http://www.robbinsumeda.com.
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