Dick's Sporting Goods, Inc. is to acquire Chick's Sporting Goods for approximately $40 million in cash. Including approximately $31 million in debts, the transaction values Chick's at approximately $71 million. The transaction is to close by December 31, 2007.

Chick's currently operates 15 specialty sporting goods stores in Southern California and generated more than $120 million in sales for the year ended June 30. Two additional store leases have been signed and these stores will open as Dick's stores in 2008 and 2009.

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