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SPORTING GOODS CONGLOMERATES TRADE COMPANIES AND STOCK
Published December 8, 1994
The Actava Group Inc. and Roadmaster Industries yesterday completed their expected plans to combine Actava's four sporting goods companies with Roadmaster. In completing the transaction, Actava transferred ownership of its four sporting goods companies to Roadmaster in exchange for approximately 19.2M shares of Roadmaster's common stock --- total value: $76.7M. The four companies transferred were Diversified Products, Hutch Sports USA, Nelson/Weather-Rite and Willow Hosiery Company. Products are sold under a variety of brand names, including DP, Hutch, Reach, Weather-Rite and American Camper. These companies also sell products under licenses from the NFL, NBA, NHL, MLB, Disney, Remington Arms Co. and numerous colleges (Actava Group/Roadmaster Industries).