Press Release

Morgan Lewis Advises Fanatics on Acquisition of Dreams for $183M

April 16, 2012

PHILADELPHIA, April 16: Dreams, Inc., a technology-driven, multi-channel retailer focused on the licensed sports products industry, has signed a definitive merger agreement with Fanatics, Inc., a leading online seller of licensed sports products.  The agreement calls for Fanatics to acquire all the outstanding shares of the company for $3.45 per share in cash for an aggregate transaction value of approximately $183 million, taking into account $25 million of outstanding debt. Morgan Lewis represented Fanatics in the transaction.

The Morgan Lewis deal team was led by Business and Finance partners Richard Aldridge and Benjamin Wills, and included partners Amy Kelly (Employee Benefits & Executive Compensation), Paul Gordon (Tax), Harry Robins (Antitrust), Louis Beardell and Ron Dreben (Intellectual Property). They were assisted by associates Jared Zane and Robert Brown (Business and Finance), Patrick Rehfield (Employee Benefits & Executive Compensation), Casey August (Tax), Sarah Rabinovici (Antitrust), Squire Servance and Daniel Marks (Intellectual Property).