RBI Sport Supply Grp. Del (MM)

Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Sport Supply Group. (“Sport Supply” or the “Company”) (Nasdaq:RBI) relating to the proposed acquisition by an affiliate of ONCAP Management Partners, L.P. (“ONCAP”) Under the terms of the agreement, Sport Supply shareholders would receive cash of $13.55 for each share of Sport Supply stock they own.

The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Sport Supply board’s approval of the proposed acquisition. The transaction appears to be unfair, in part, given that Sport Supply stock was trading at $12.84 a share as recently as March 8, 2010 and was trading at $12.52 a share on January 4, 2010. Further, CBT Holdings, LLC, which beneficially owns approximately 16% of Sport Supply’s outstanding common stock, and certain members of Sport Supply’s management team, have entered into agreements with ONCAP to exchange their Sport Supply common stock and options, as applicable, for equity of the purchaser entity.

If you own shares of Sports Supply and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, or by calling toll free 877-LEGAL-90.

Sport Supply Grp. Del (MM) (NASDAQ:RBI)
Historical Stock Chart
From Jun 2024 to Jul 2024

Sport Supply Grp. Del (MM) (NASDAQ:RBI)
Historical Stock Chart
From Jul 2023 to Jul 2024