Dick’s Sporting Goods, Inc. and Golf Galaxy, Inc. have entered into a definitive agreement and plan of merger whereby Dick’s will acquire Golf Galaxy. Under the terms of the agreement, each outstanding share of Golf Galaxy common stock will be converted into the right to receive $18.82 per share in cash, without interest. The Merger Agreement also provides for the assumption of outstanding employee stock options and warrants of Golf Galaxy, except that, the holders of vested in-the-money options and warrants will be permitted to elect to cash out such options and warrants. The Merger Agreement contains a provision related to limited solicitation of third-party proposals and a customary fiduciary out for unsolicited proposals.
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It’s a grey, cold November day here in the northeastern U.S. and it’s days like this that drive me to the travel section of golf magazines to dream of a winter golf trip. Trouble is, to get to those places I have to fly. I hate flying.
The 2006 PGA Tour season is in the books, and it’s time to start looking forward to 2007. The Bunker’s Dozen takes no vacations, however, so the show must go on. The golf world didn’t see Tiger or Phil in October, but there were still a lot of things going on around the world. Golfers made their final charge towards the top 30 and top 125 on the PGA Tour money list. Some were successful, and some came up short.
Pinemeadow Golf has been around since 1985, but I didn’t know much about them until this year. After checking out their website, it’s easy to see they are looking out for the “average” golfer. Most of the die-hard golfing fanatics want the most expensive and popular golf clubs, whether it’s TaylorMade, Titleist, Callaway, etc.
The PGA Tour season is over, but we’ve still got a lot to talk about. Paul Azinger is named the 2008 Ryder Cup captain and introduces a new qualification system. Fallout aplenty about Tiger’s decision to skip the Tour Championship. Michelle Wie is smacked down by the Euro Tour Director, and, oh yeah, Adam Scott gets a victory. All that and more in this episode of Golf Talk.
The final putt by Adam Scott at the Tour Championship signaled the end of the 2006 PGA Tour season. While the season might be over for the pros, that doesn’t me Hittin’ the Links will be going into hibernation!
The 2006 season had plenty of drama. At the end of it all there some who were hot and some who were not. Phil Mickelson finished fourth on the money list, won a Masters, choked away a U.S. Open, and is looking forward to returning to the winner’s circle after coming away from his extended vacation.