Following JD Sports’ acquisition of Hibbett last year and Dick’s recently announced plan to add Foot Locker, struggling West Coast retailer Big 5 has now entered into a definitive merger agreement to go private. Buyers Worldwide Golf and its PE backer, Capitol Hill Group, will pay cash for BGFV shares and assume $71.4 million in credit line borrowings for about $112.7 million in total enterprise value. Shareholders, who have suffered a more than 95% price drop since pandemic-fueled peaks, will receive $1.45 per share, representing a 36% premium over the 60-day ... Log in to view full article.