Sports Supply Group has ended a search for buyers after none of the 97 parties it solicited in the 30-day “go-shop” period following the March 15 merger agreement with ONCAP offered a written bid.
Canada-based ONCAP Investment Partners II LP offered $13.55 in cash for most shareholders, valuing Sport Supply Group at a minimum $169 million, and entered into separate agreements with Carlson Capital LP, which owns a 22% stake, and CBT Holdings LLC, which owns 16% of the company.
