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BUSINESS BRIEFS.(TO THE POINT)
IPOs
Two IPOs sizzle in Nasdaq debut
Superior Well Services and Golf Galaxy notched huge gains in their opening day. Oil field services company Superior Well rocketed 41% to 18.32 a share. It had priced 5.62 mil shares at $13, at the top of its range. Retailer Golf Galaxy soared 33% to 18.61 after pricing its 3.95 mil shares at an above-range $14.
RETAIL
Wendy's to sell doughnut stake
The fast-food chain's shares shot up 14% to a record 51.70 after saying it'll sell up to 18% of its Tim Hortons chain in an IPO set for Q1. It could fully spin off the dominant Canadian doughnut chain in 18-24 months. Wendy's also OK'd a $1 bil buyback, or 17% of shares out. It'll sell more restaurants to franchisees, lowering the share of company-owned stores from 22% to 15%-18%.
** Wendy's said late Thurs. that Q2 EPS fell 2% to 61 cents as it struggled with rising beef costs, but still beat views by 4 cents. Sales rose 4.6% to $951 mil; its same-store sales slid 4.6% at company-owned stores and 3.9% at franchises.
- Golf Galaxy Announces Early Termination of Hart-Scott-Rodino Act Waiting Period...
- Press release article from: PR Newswire December 22, 2006 700+ words
...22 /PRNewswire-FirstCall/ -- Golf Galaxy, Inc. announced today that the pending acquisition of Golf Galaxy by Dick's Sporting Goods, Inc...As announced on Nov. 13, 2006, Golf Galaxy entered into an acquisition agreement...
- Golf Galaxy Completes Acquisition of The GolfWorks.
- Press release article from: PR Newswire March 16, 2006 700+ words
...March 16 /PRNewswire-FirstCall/ -- Golf Galaxy, Inc. , the interactive golf superstore...million in cash; 250,862 shares of Golf Galaxy common stock valued at $4.8 million based on the average closing price of Golf Galaxy's common stock on the NASDAQ Global...
- Golf Galaxy Launches E-Commerce Site, Opens New Headquarters; Innovative Golf...
- Press release article from: Business Wire April 26, 2004 700+ words
...BUSINESS WIRE)--April 26, 2004 Golf Galaxy, the interactive golf superstore offering...The interactive online store provides Golf Galaxy customers access to the same superstore...environment and 24/7 convenience. "Golf Galaxy is known for having great products at...
- Golf Galaxy Announces Two New Stores Opening in May.
- Press release article from: PR Newswire May 8, 2006 700+ words
...First Quarter Openings; Bring Total Golf Galaxy Store Count to 61 EDEN PRAIRIE, Minn., May 8 /PRNewswire-FirstCall/ -- Golf Galaxy, Inc. , the interactive golf superstore...store brings to three the number of Golf Galaxy stores in the greater New York metropolitan...
- Dick's Sporting Goods Agrees to Acquire Golf Galaxy.
- Press release article from: PR Newswire November 13, 2006 700+ words
...Dick's Sporting Goods, Inc. and Golf Galaxy, Inc. have entered into a definitive...merger whereby Dick's will acquire Golf Galaxy. Under the terms of the agreement, each outstanding share of Golf Galaxy common stock will be converted into...
- Golf Galaxy to Acquire The GolfWorks.
- Press release article from: PR Newswire February 15, 2006 700+ words
...15 /PRNewswire-FirstCall/ -- Golf Galaxy, Inc. , the interactive golf superstore...approximately $4 million in cash; Golf Galaxy common stock valued at approximately...warrants to purchase 150,000 shares of Golf Galaxy common stock, valued at approximately...
- Golf Galaxy Launches Online Golf Club Auctions.
- Press release article from: PR Newswire December 8, 2005 700+ words
...Dec. 8 /PRNewswire-FirstCall/ -- Golf Galaxy, Inc. , the interactive golf superstore...ExchangeBlvd.com, Inc. , that enables Golf Galaxy to host its own online golf club auctions. As a result of the partnership, Golf Galaxy now offers more than 2,000 pre-owned...
- SPS Commerce to Provide Supply Chain Integration Services to Golf Galaxy.
- Press release article from: PR Newswire July 9, 2001 700+ words
...Services will Streamline Trading for Golf Galaxy and its Vendors-- ST. PAUL...chain transaction services to Golf Galaxy, the golf superstore retailer...Everything for the Game(TM). Golf Galaxy's golf superstores offer a dominant...