Department Stores M&A » By The Online Investor Staff, updated Thu., Apr. 18, 5:45 AM
Recent mergers and acquisitions in the Department Stores M&A category.
Slide #25. FGL Sports — Pro Hockey Life
Acquirer: |
FGL Sports (TSE:CTC.CA) |
Acquiree: |
Pro Hockey Life |
Details: |
FGL Sports Ltd., a division of Canadian Tire Corporation, Limited (TSX:CTC) (TSX:CTC.a) , today announced that it has entered into an agreement to purchase Pro Hockey Life Sporting Goods Inc., a private company, for $85 million. The transaction follows Canadian Tire's successful acquisition of FGL Sports in 2011 and builds on the Company's strength as Canada's leading sports authority. |
Canadian Tire operates through three segments: Retail, Financial Services, and CT REIT. The Retail segment includes Canadian Tire, SportChek, Mark's, PartSource, Petroleum, Helly Hansen and Party City. It also includes the Consumer Brands division which supports the retail banners in the development and acquisition of owned brands and products. The Financial Services segment provides financial and other products and services, including Triangle-branded consumer credit cards, in-store financing, insurance products, and retail and broker deposits. The CT REIT segment comprises CT REIT which owns, develops and leases income-producing real estate properties across Canada.
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April 18, 2024 5:45 AM Eastern
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