Dick’s Sporting Goods Inc. has finalized its acqusition of Golf Galaxy Inc. All outstanding shares of Golf Galaxy have been exchanged for $18.82 per share in cash.
Randy Zanatta, Golf Galaxy’s president and CEO, will remain with the firm.
In addition to its e-commerce Web site and catalog, Golf Galaxy operates 65 stores in 24 states. The company generated $264 million in sales during the 12 months ended Nov. 25.
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