The Sports Authority, Inc. Schedules Special Meeting of Stockholders to Approve Acquisition by Investor Group Led by Leonard Gr
01 April 2006 - 8:53AM
Business Wire
The Sports Authority, Inc. (NYSE: TSA) today announced that it will
convene a special meeting of stockholders on Tuesday, May 2, 2006,
to vote to approve its acquisition by an investor group led by
Leonard Green & Partners, L.P.. The meeting will be held at
9:00 a.m. Mountain Daylight Time at Sports Authority's headquarters
at 1050 W. Hampden Avenue, Englewood, Colorado 80110. Stockholders
at the close of business on the record date of March 30, 2006, will
be eligible to vote at the special meeting. Sports Authority
anticipates filing its definitive proxy statement with the
Securities and Exchange Commission on or about Friday, March 31,
2006. Forward-Looking Statements This document includes statements
that do not directly or exclusively relate to historical facts.
Such statements are "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These forward-looking statements
include statements regarding benefits of the proposed transactions,
expected cost savings and anticipated future financial operating
performance and results, including estimates of growth. These
statements are based on the current expectations of management of
Sports Authority. There are a number of risks and uncertainties
that could cause actual results to differ materially from the
forward-looking statements included in this document. For example,
among other things, (1) Sports Authority may be unable to obtain
shareholder approval required for the transaction; (2) conditions
to the closing of the transaction may not be satisfied; (3) the
transaction may involve unexpected costs or unexpected liabilities;
(4) the businesses of Sports Authority may suffer as a result of
uncertainty surrounding the transaction; and (5) Sports Authority
may be adversely affected by other economic, business, and/or
competitive factors. Additional factors that may affect the future
results of Sports Authority are set forth in its filings with the
Securities and Exchange Commission ("SEC"), which are available at
http://www.sportsauthority.com. Unless required by law, Sports
Authority undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. Additional Information and Where to
Find It In connection with the proposed transaction, a definitive
proxy statement of Sports Authority and other materials will be
filed with U.S. Securities and Exchange Commission. WE URGE
INVESTORS TO READ THE DEFINITIVE PROXY STATEMENT AND THESE OTHER
MATERIALS CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL
CONTAIN IMPORTANT INFORMATION ABOUT SPORTS AUTHORITY AND THE
PROPOSED TRANSACTION. Investors will be able to obtain free copies
of the definitive proxy statement (when available) as well as other
filed documents containing information about Sports Authority at
http://www.sec.gov, the SEC's free internet site. Free copies of
Sports Authority's SEC filings are also available on Sports
Authority's internet site at http://www.sportsauthority.com.
Participants in the Solicitation Sports Authority and its executive
officers and directors may be deemed, under SEC rules, to be
participants in the solicitation of proxies from Sports Authority's
stockholders with respect to the proposed transaction. Information
regarding the officers and directors of Sports Authority is
included in its proxy statement for its 2005 annual meeting filed
with the SEC on April 27, 2005. More detailed information regarding
the identity of potential participants, and their direct or
indirect interests, by securities, holdings or otherwise, will be
set forth in the definitive proxy statement and other materials to
be filed with the SEC in connection with the proposed transaction.
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