Canadian Tire is extending its purchase offer period to acquire sporting goods retailer Forzani Group by more than a month.
Canadian Tire bid C$26.50 a share bid for Forzani in May, and has moved the acceptance date back to Aug. 18 from its original June 29 deadline.
Forzani operates some 500 outlets across Canada under the Sport Chek, Sports Experts Atmosphere and National Sport brands.