Big 5 Is Getting its Wish to Go Private

Core Points - Big 5 Sporting Goods Corp. is set to become a private company following shareholder approval of its acquisition by WSG Merger LLC, a subsidiary of Worldwide Golf Group [1][2] - The acquisition is valued at $112.7 million, which includes the assumption of $71.4 million in credit line borrowings [2] - Shareholders will receive $1.45 per share in cash as part of the acquisition agreement [2] Company Overview - Big 5 Sporting Goods operates 410 stores in the western U.S., with each store averaging 12,000 square feet [3] - The product mix includes athletic shoes, apparel, accessories, and a selection of outdoor and athletic equipment [3] Industry Context - The go-private deal for Big 5 follows other significant transactions in the retail sector, including Nordstrom and Skechers, indicating a trend in the industry [4] - The footwear sector has seen increased merger activity, with Dick's Sporting Goods acquiring Foot Locker for $2.4 billion and Caleres completing the purchase of Stuart Weitzman for $105 million [5]