StockNews.AI
BGFV
StockNews.AI
7 hrs

Big 5 Sporting Goods Corporation Stockholders Approve Acquisition by Worldwide Sports Group Holdings LLC

1. BGFV stockholders approved acquisition by WSG Merger LLC. 2. Big 5 will become privately held on September 30, 2025. 3. Shares will not be listed on public markets post-acquisition. 4. Acquisition aims to enhance Big 5's competitive position. 5. Risks include potential unexpected costs and regulatory challenges.

M&A
0%Current Return
VS
0%S&P 500
$1.4409/26 05:52 PM EDTEvent Start
$1.4409/27 12:27 AM EDTLatest Updated
8m saved
Insight
Article

FAQ

Why Very Bearish?

The acquisition will remove BGFV from public trading, leading to reduced liquidity and potentially lower investor interest as the stock becomes inaccessible. Historically, investors may perceive privatization negatively, impacting their perception of transparency and growth potential.

How important is it?

The acquisition directly affects BGFV's stock market presence, making it highly impactful to investors and stakeholders. This significant corporate change will alter the company's future operational and financial outlook.

Why Short Term?

The immediate effects will be felt around the closing date of the acquisition, diminishing interest in the stock investors had prior. Long-term consequences depend on integration success and business performance under private ownership.

Related Companies

WSGDKS
September 26, 2025 17:50 ET  | Source: Big 5 Sporting Goods Corporation EL SEGUNDO, Calif., Sept. 26, 2025 (GLOBE NEWSWIRE) -- Big 5 Sporting Goods Corporation (Nasdaq: BGFV) (“Big 5”), a leading sporting goods retailer, today announced that, at a special meeting of its stockholders held on September 26, 2025 (the “Special Meeting”), Big 5 stockholders voted to approve the Company’s acquisition by WSG Merger LLC, a wholly owned subsidiary of Worldwide Golf Group (“Worldwide”). Big 5 will file a Form 8-K with the U.S. Securities and Exchange Commission reporting the final voting results of the Special Meeting. Upon completion of the transaction, expected to be on or about September 30, 2025, Big 5 will become a privately held company and shares of Big 5 common stock will no longer be listed on any public market. About Big 5 Sporting Goods Corporation Big 5 is a leading sporting goods retailer in the western United States, currently operating 410 stores under the “Big 5 Sporting Goods” name. Big 5 provides a full-line product offering in a traditional sporting goods store format that averages 12,000 square feet. Big 5’s product mix includes athletic shoes, apparel and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, home recreation, tennis, golf, and winter and summer recreation. Forward-Looking Statements This communication contains “forward-looking statements” within the meaning of the federal securities laws, including safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this communication that do not relate to matters of historical fact should be considered forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “aim,” “anticipate,” “approach,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “goal,” “intend,” “look,” “may,” “mission,” “plan,” “possible,” “potential,” “predict,” “project,” “pursue,” “should,” “target,” “will,” “would,” or the negative thereof and similar words and expressions. Forward-looking statements are based on Big 5, Worldwide Golf and Capitol Hill Group’s management’s current expectations, estimates, projections, beliefs and assumptions made by Big 5, Worldwide Golf and Capitol Hill Group, all of which are subject to change. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond Big 5, Worldwide Golf and Capitol Hill Group’s control, and are not guarantees of future results. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements and you should not place undue reliance on any such statements, and caution must be exercised in relying on forward-looking statements. The following factors could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: (i) the failure to realize the anticipated benefits of the merger; (ii) the effect of the merger on Big 5, Worldwide Golf or Capitol Hill Group’s ability to retain and hire key personnel, or their respective operating results and business generally; (iii) there may be liabilities related to the merger that are not known, probable or estimable at this time or unexpected costs, charges or expenses; (iv) the merger may result in the diversion of Big 5, Worldwide Golf or Capitol Hill Group’s management’s time and attention to issues relating to the merger; (v) there may be significant transaction costs in connection with the merger; (vi) legal proceedings or regulatory actions may be instituted against Big 5, Worldwide Golf or Capitol Hill Group following the merger, which may have an unfavorable outcome; (vii) the ability of Worldwide Golf and Capitol Hill Group to integrate and implement their respective plans, forecasts and other expectations with respect to Big 5’s business as a result of the completed transaction and realize additional opportunities for growth and innovation; (viii) Big 5, Worldwide Golf and Capitol Hill Group’s ability to implement their respective business strategies; (ix) the risks related to Worldwide Golf and Capitol Hill Group’s financing of the transaction; and (x) the unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities or current or future pandemics or epidemics, as well as Big 5, Worldwide Golf and Capitol Hill Group’s response to any of the aforementioned factors. In addition, a number of other important factors could cause Big 5’s actual future results and other future circumstances to differ materially from those expressed in any forward-looking statements, including but not limited to those important factors discussed under the headings “Forward-Looking Statements,” “Risk Factors” and other sections of Big 5’s Annual Report on Form 10-K for its fiscal year ended December 29, 2024, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings made by Big 5, each as filed with the Securities and Exchange Commission (“SEC”). These risks should not be considered a complete statement of all potential risks and uncertainty, and are discussed more fully, along with other risks associated with the transaction, in Big 5’s filings with the SEC. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. All forward-looking statements are expressly qualified in their entirety by such factors. Except as required by law, Big 5 does not undertake any obligation to publicly update or review any forward-looking statement, whether because of new information, future developments or otherwise. These forward-looking statements should not be relied upon as representing Big 5’s views as of any date subsequent to the date of this communication. Contact:Big 5 Sporting Goods CorporationBarry EmersonExecutive Vice President and Chief Financial Officer(310) 536-0611 ICR, Inc.Jeff SonnekManaging Director(646) 277-1263

Related News