Collegiate Pacific Inc. has successfully completed its acquisition of the remaining shares of Sport Supply Group Inc. that it did not already own for approximately $24 Million in cash. Under the terms of the September 21, 2006 definitive merger agreement, SSPY stockholders will receive $8.80 in cash for each share of SSPY common stock.
The company financed the merger through borrowings under its new credit facility with Merrill Lynch Business Financial Services, Inc.
