Big 5 Sporting Goods Corporation has announced an update regarding its merger agreement with Worldwide Sports Group Holdings LLC. As disclosed in a definitive proxy statement filed on August 8, 2025, Big 5 entered into an agreement on June 29, 2025, where WSG Merger LLC, a subsidiary of Worldwide Sports Group, will merge with Big 5, resulting in Big 5 becoming a wholly owned subsidiary of Worldwide Sports Group. The company has also amended its proxy statement to include additional details about the transaction process, including the formation of a transaction committee to evaluate strategic alternatives and the ongoing negotiations of exclusivity provisions with Worldwide.
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