Golfsmith Creditors Back Sale To Dick's Sporting Goods

Law360, New York (October 24, 2016, 8:59 PM EDT) -- Golfsmith's unsecured creditors on Monday in Delaware offered support to the proposed sale of the business to Dick's Sporting Goods and liquidators led by Hilco Merchant Resources LLC under a plan that would keep 30 of the golf retailer’s stores open, saying a feasible alternative hasn’t materialized.

The proposed sale, which must be approved by a bankruptcy judge, will also protect the jobs of approximately 500 Golfsmith employees, the retailer’s official committee of unsecured creditors said in a court filing. A court hearing to consider the...
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