Chicks With Dicks

Check it out – Chicks with Dicks!

Source: CNN Money

Dick’s Sporting Goods, Inc. and Chick’s Sporting Goods (privately held) have entered into a definitive stock purchase agreement whereby Dick’s will acquire Chick’s Sporting Goods. Under the terms of the agreement, Dick’s has agreed to pay approximately $40 million in cash for the outstanding equity of Chick’s. The transaction is anticipated to be completed on or before December 31, 2007.

Chick’s currently operates 15 specialty sporting goods stores in Southern California, generating more than $120 million in sales during the fiscal year ended June 30, 2007. Two additional store leases have been signed and those stores will open as Dick’s stores in 2008 and 2009.

Chicks now with Dicks, but only because of the money. Oh, and they’re both into sports.