In spite of recent reports stating that the Forzani group is about to be acquired by certain private equity firms, the company announced that it is not currently in discussions with an potential suitors.
In a release to the Toronto Stock Exchange late on Friday, the company said, “From time to time, Forzani receives inquiries with respect to possible acquisitions or business combinations, and has received such inquiries more frequently recently as it continues its strong financial performance. None of these inquiries has resulted in a firm offer to acquire or enter into a business combination with Forzani. While Forzani continues to receive such inquiries, it is not at this time in negotiations with any party with respect to a business combination. No assurance can be given that such negotiations might be entered into or that, if entered into, any transaction would result.”