Printer Friendly

VIDA AND MACGREGOR PARENT COMPLETE MERGER; COMBINED ENTITY RENAMED MACGREGOR SPORTS AND FITNESS, INC.

 VIDA AND MACGREGOR PARENT COMPLETE MERGER;
 COMBINED ENTITY RENAMED MACGREGOR SPORTS AND FITNESS, INC.
 MINNEAPOLIS, Jan. 7 /PRNewswire/ -- Vida Ventures, Ltd. (Vida), said today that it had completed the acquisition of Sports Acquisition Corporation (SAC) in a merger transaction completed on Dec. 30, 1991. Both Vida and SAC shareholder approval of the transaction was obtained on Dec. 27, 1991, as well as approval to rename the combined entity MacGregor Sports and Fitness, Inc., and to reverse split its common shares in a ratio of one share for every two shares. The combined company will be headquartered in Greenville, S.C.
 Michael S. Casazza has been named president of MacGregor Sports and Fitness, Inc. Casazza has over 19 years of experience in senior executive positions with Wilson Sporting Goods Co. and Dunlop Slazenger Corporation. Casazza said, "Among the products on which the new company has the right to use the MacGregor trademark are baseballs and softballs, bats, gloves, protective equipment and various accessories; basketballs; footballs; soccerballs; volleyballs; playground balls; hockey equipment; racquet sports equipment; all forms of fitness equipment; sports trading cards; and all types and designs of bicycles." Casazza further stated, "The company's strategy is to focus its marketing efforts on team sports and fitness and to build on the reputation and strength of the MacGregor trademark on a worldwide basis."
 With the merger complete, the company intends to begin the process for qualifying its common shares, warrants and units for trading on the National Association of Securities Dealers Automated Quotation System (NASDAQ) and regional exchanges.
 -0- 1/07/92
 /CONTACT: Michael S. Casazza of MacGregor Sports and Fitness, 803-963-8200/ CO: Vida Ventures, Ltd.; Sports Acquisition Corporation; MacGregor
 Sports and Fitness, Inc. ST: Minnesota IN: LEI SU: TNM


LB-DS -- MN002 -- 7218 01/07/92 09:52 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 7, 1992
Words:297
Previous Article:THE CHARTER COMPANY SELLS CIRCLE K PREFERRED
Next Article:VOLKSWAGEN TO DISPLAY ITS CITY CAR OF THE FUTURE IN U.S. FOR FIRST TIME IN DETROIT
Topics:


Related Articles
MACGREGOR & SPORT SUPPLY GROUP REACH AGREEMENT
AJAY AFFILIATE SELLS TRADEMARK RIGHTS FOR INSTITUTIONAL AND RECREATIONAL MARKETS
MACGREGOR SPORTS AND FITNESS ANNOUNCES DISTRIBUTION AGREEMENT AND DEBT REPAYMENT
ROADMASTER & AMERICAN PLAYWORLD REACH AGREEMENT
MACGREGOR SPORTS AND TPSI, INC. SIGN AGREEMENT
MACGREGOR SPORTS TO CHANGE NAME FOLLOWING PROPOSED MERGER WITH TPSI, INC.
TECHNICAL PUBLISHING SOLUTIONS, INC. TO BECOME INTRANET SOLUTIONS
MACGREGOR SPORTS & FITNESS ISSUES CLARIFICATION
MACGREGOR SPORTS & FITNESS AND INTRANET SOLUTIONS ANNOUNCE FILING OF PROXY REGARDING MERGER
Riddell Extends Varsity Offer

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters