BGFV News & Events

Big 5 Sporting Goods announced the successful completion of its previously announced merger with a partnership comprised of Worldwide Golf and Capitol Hill Group. Upon the satisfaction of customary closing conditions, including the approval of Big 5's stockholders, the merger was consummated, with Big 5 surviving the merger as a wholly owned subsidiary of such partnership. In connection with the closing of the merger, Big 5's common stock will no longer be listed on the Nasdaq Stock Exchange, and Big 5 will cease to be a publicly traded company. Big 5 will remain an independent company within the Capitol Hill Group portfolio and leverage the combined resources of the partnership.

Big 5 Sporting Goods announced that, at a special meeting of its stockholders held on September 26, Big 5 stockholders voted to approve the company's acquisition by WSG Merger LLC, a wholly owned subsidiary of Worldwide Golf Group. Upon completion of the transaction, expected to be on or about September 30, Big 5 will become a privately held company and shares of Big 5 common stock will no longer be listed on any public market.

Big 5 Sporting Goods announced it has entered into a definitive merger agreement to be acquired by a partnership comprised of Worldwide Golf and Capitol Hill Group, in an all-cash transaction valued at approximately $112.7 million in enterprise value, including the assumption of approximately $71.4 million in credit line borrowings as of June 29, 2025. Pursuant to the Agreement, subject to the terms and satisfaction of the conditions thereof, Big 5 stockholders will receive $1.45 per share in cash. This represents a premium of approximately 36% to the company's 60-day volume weighted average price. "This transaction marks an exciting new chapter for Big 5 that allows the Company to carry on its legacy of serving customers with quality sporting goods at an exceptional value while maximizing value for our stockholders," said Steven G. Miller, Chairman, President and Chief Executive Officer of Big 5 Sporting Goods Corporation. "I want to thank our dedicated employees, loyal customers and valued vendors who continue to support Big 5 in each of the communities we serve."