VLP Corporation, a wholly-owned subsidiary of Redcats USA, has entered into a definitive agreement to acquire catalogue and online marketer of outdoor and sports gear The Sportsman's Guide, Inc. Under the agreement VLP Corporation will acquire all of the outstanding shares of The Sportsman's Guide in a cash merger for a price of $31 per share. The $31 per share price represents a 20.2% premium over the three-month average trading price of $25.80.

The board of directors of The Sportsman's Guide has unanimously approved the merger agreement and has agreed to recommend that shareholders vote to adopt the merger agreement and approve the merger. The transaction is expected to close during the third calendar quarter of this year.