Rigrodsky & Long, P.A. Announces Investigation
of Sport Supply Group, Inc.
March 15, 2010 05:30 PM Eastern Daylight Time
WILMINGTON, Del.--(EON: Enhanced Online News)--Rigrodsky & Long, P.A. announces that it is investigating
potential claims against the board of directors of Sport Supply Group, Inc. (“Sport Supply” or the “Company”)
(Nasdaq: RBI) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s
entry into an agreement to be acquired by ONCAP Management Partners, L.P. (“ONCAP”) in a transaction valued
at approximately $173 million.
Under the proposed agreement, Sport Supply shareholders will receive $13.55 per share for each share of Sport
Supply common stock they own. Furthermore, CBT Holdings, LLC, an affiliate of Andell Holdings (“CBT”),which
beneficially owns approximately 16% of Sport Supply Group’s outstanding common stock, and certain members of
Sport Supply’s management team, have entered into agreements with ONCAP to exchange their Sport Supply
common stock and options, as applicable, for equity of the purchaser entity. In addition, Carlson Capital, L.P.,
which beneficially owns approximately 22% of Sport Supply’s outstanding common stock, and CBT, have each
entered into a voting agreement with ONCAP, and have each agreed to vote their shares in favor of the adoption of
the merger agreement.
If you own the common stock of Sport Supply and purchased your shares before March 15, 2010, if you have
information or would like to learn more about these claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth
D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N.
Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates
securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation,
including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and
federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Seth D. Rigrodsky, Esquire
Noah R. Wortman, Case Development Director