Canadian Cyclist
   Follow us on Twitter
Find us on Facebook
WoB End of Summer Sale August 21
Cyclist's Edge - November 15
The 11 Email - October 6

Share the Road - Dec 14

IMBA Canada - Dec 14

ARG Tufo Flexus Oct 27

Daily News


May 9/11 12:51 pm - Canadian Tire Buys Forzani Group

Posted by Editor on 05/9/11

Canadian Tire has made a successful friendly bid for the Forzani Group. Both companies announced today that Canadian Tire is offering $26.50 in cash per share, for a deal with an estimated total value of $771 million.

The deal will combine Canadian Tire's more than 1000 general sporting goods and automotive outlets with the 500-plus sporting goods stores of Forzani, which includes chains operating under the names Sport Chek and Sports Experts. Together, they will extend Canadian Tire's footprint as the largest retailer of bicycles in Canada.

Further information on the acquisition can be found at The Globe and Mail.


Return to Canadian Cyclist homepage | Back to Top
D'Ornellas Black Friday Nov 24
ACS Apollo Bikes - November 19
TaG Nov 24
CC Advertise April 14


Dundas Speed Shop - Jan 11 (+524)

 © Copyright 1998-2015 Canadian Cyclist. All rights reserved.  Privacy Policy | Contact | Subscribe to RSS Feed  | Login