The retail group is the owner of the Super Super cheap Auto, Goldcross cycles of BCF and chain.
The company said the acquisition was “very complementary” and is expected to provide mid-single digit earnings per share accretion in 2012.
The acquisition consists of 90 rebel sports stores, 36 Allsports A-Mart stores and sports performance stores. The rebels are generated $ 603 million revenue is the fiscal year 2011.
Australia Sharemarket has risen more than 1.5% higher this morning after the general meeting of the United States late last week on continued hopes that Europe will be able to solve the problem of debt.
The Benchmark S