Dick’s Sporting Goods Inc. is holding early-stage conversations with a
“handful” of buyout firms in a move that may take the company private,
according to a report from Reuters. Unidentified sources indicated no
formal sales process is under way.
Dick's Sporting Goods declined to comment on the report.
Evercore ISI in December cited Dick's SG as one of its top retail buyout targets because of the company’s low debt levels, reasonable valuation and growth prospects.
On Wednesday, Dick's SG's shares closed at $55.01, up $5.77, or 11.72 percent, on the reports.
