Big 5 Sporting Goods Corporation Completes Merger with Partnership of Worldwide Golf and Capitol Hill Group, Receiving $1.45 Per Share in Cash

Big 5 Sporting Goods Corporation completed its merger with a partnership between Worldwide Golf and Capitol Hill Group. The merger, which was approved by Big 5's stockholders, gives shareholders $1.45 per share in cash, a 36% premium to the company's 60-day trading average. Big 5 will remain an independent company within the Capitol Hill Group portfolio. The merger combines Worldwide Golf's retail expertise with Capitol Hill Group's financial resources to provide Big 5 with long-term capital and strategic support.

Big 5 Sporting Goods Corporation (Nasdaq: BGFV) has successfully completed its merger with a partnership between Worldwide Golf and Capitol Hill Group. The merger, approved by Big 5's stockholders, offers shareholders $1.45 per share in cash, representing a 36% premium over the company's 60-day volume weighted average trading price prior to the announcement Big 5 Sporting Goods Corporation Completes Merger With a Partnership Comprised of Worldwide Golf and Capitol Hill Group^[1].

Upon the satisfaction of customary closing conditions, including stockholder approval, the merger was consummated. Big 5 will survive as a wholly-owned subsidiary of the partnership, with its common stock no longer listed on the Nasdaq Stock Exchange Big 5 Sporting Goods Corporation Completes Merger With a Partnership Comprised of Worldwide Golf and Capitol Hill Group^[1]. The company will continue to operate independently within the Capitol Hill Group portfolio.

The merger combines Worldwide Golf's retail expertise with Capitol Hill Group's financial resources, providing Big 5 with long-term capital and strategic support to re-energize growth and build on its competitive position in the sporting goods retail sector across its western United States footprint Big 5 Sporting Goods Corporation Completes Merger With a Partnership Comprised of Worldwide Golf and Capitol Hill Group^[1].

Worldwide Golf, a leading golf retailer in the United States and Canada, brings a rich history of serving golfing communities since 1963. Capitol Hill Group, a private investment firm based in Bethesda, Maryland, invests across various stages of company growth, including brick and mortar retail Big 5 Sporting Goods Corporation Completes Merger With a Partnership Comprised of Worldwide Golf and Capitol Hill Group^[1].

The merger's financial advisor was Moelis & Company LLC, and legal advisors included Latham & Watkins LLP, Skadden, Arps, Slate, Meagher & Flom LLP, Holland & Knight LLP, and Sklar Kirsh LLP Big 5 Sporting Goods Corporation Completes Merger With a Partnership Comprised of Worldwide Golf and Capitol Hill Group^[1].