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July 18, 2012
Books-A-Million announces withdrawal of acquisition proposal

Books-A-Million said its largest shareholder group, the Anderson family, has withdrawn its non-binding offer to take the company private.

Birmingham, Ala. -- Books-A-Million said its largest shareholder group, the Anderson family, has withdrawn its non-binding offer to take the company private.

The Anderson family, which owns a 53% stake in the chain, had offered $3.05 per share in cash to take the company private in April.

“After discussing the proposal with the special committee of the company’s board of directors and its advisers, the Anderson family has decided not to pursue the proposed acquisition at this time,” the company said in a statement.

June 7, 2012
Collective Brands granted termination of acquisition waiting period

Collective Brands said that the U.S. Federal Trade Commission has granted early termination of the waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act in connection with Collective’s impending $2 billion acquisition by Wolverine World Wide, Blum Capital Partners and Golden Gate Capital.

Topeka, Kan. -- Collective Brands said Thursday that the U.S. Federal Trade Commission has granted early termination of the waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act in connection with Collective’s impending $2 billion acquisition by Wolverine World Wide, Blum Capital Partners and Golden Gate Capital.

As announced on May 1, investment firms Blum Capital and Golden Gate will jointly acquire the operations of Payless ShoeSource and Collective Licensing International.

February 16, 2012
DLC names acquisitions chief

DLC Management Corp. announced that it has named Jonathan Wigser as chief investment officer, charged with leading all of the company’s acquisition and disposition activities.

Tarrytown, N.Y. -- DLC Management Corp. announced that it has named Jonathan Wigser as chief investment officer, charged with leading all of the company’s acquisition and disposition activities.

Since joining DLC in 2002, Wigser has been involved in the acquisition and disposition of more than $1.1 billion of retail real estate, in addition to raising more than $250 million of equity from institutional and high net worth investors.

January 23, 2012
Hudson’s Bay completes acquisition of Lord & Taylor

Hudson’s Bay Co. has completed the acquisition of Lord & Taylor, according to a report by Women’s Wear Daily.

New York City -- Hudson’s Bay Co. has completed the acquisition of Lord & Taylor, according to a report by Women’s Wear Daily.

The report said that HBC owner Richard Baker has dissolved the umbrella company that had until now held the two chains, and that HBC would now operate The Bay and Lord & Taylor. The new entity will be run by Bay CEO Bonnie Brooks, according to the report.

January 5, 2012
Best Buy completes acquisition of mindShift Technologies

Best Buy said today that it has completed the acquisition of mindShift Technologies, which provides managed IT, cloud, data center and professional services to more than 5,400 clients and 25,000 managed desktops in markets throughout the nation.

Minneapolis -- Best Buy said today that it has completed the acquisition of mindShift Technologies, which provides managed IT, cloud, data center and professional services to more than 5,400 clients and 25,000 managed desktops in markets throughout the nation.

The acquired firm will operate under its current name, management team and capabilities, which include approximately 500 employees at offices in Boston; Long Island, N.Y.; Minneapolis; Morrisville, N.C.; New York City; Philadelphia and Washington, D.C.

 

November 1, 2011
A Buyer’s (Middle) Market

By Chris Blees, BiggsKofford Certified Public Accountants/BiggsKofford Capital Investment Bank

By Chris Blees, amaaonline.com

It has been proven in past economic downturns that companies that invest heavily in the right kinds of marketing and strategic planning are the ones that will capitalize the most on the situation and likely thrive when the market turns around.

October 18, 2011
Express and Alliance Data extend agreement

Alliance Data Systems Corp. said it has extended its agreement with Express to continue providing Express with private-label credit card services including account acquisition and activation, receivables funding, card authorization, card issuance, statement generation, remittance processing, customer service functions, and multichannel marketing services.

Dallas -- Alliance Data Systems Corp. said Tuesday that it has extended its agreement with Express to continue providing Express with private-label credit card services including account acquisition and activation, receivables funding, card authorization, card issuance, statement generation, remittance processing, customer service functions, and multichannel marketing services.

September 13, 2011
VF completes acquisition of Timberland; Jeffrey Swartz out in management changes

Apparel giant VP Corp. announced that it has completed its previously-announced acquisition of The Timberland Company in a deal valued at $2.3 billion.

Greensboro, N.C. -- Apparel giant VP Corp. announced that it has completed its previously-announced acquisition of The Timberland Company in a deal valued at $2.3 billion.

Timberland will become part of VF's Outdoor & Action Sports Coalition, which includes The North Face. The formerly family-held company will remain headquartered in Stratham, N.H.

July 19, 2011
South Africa to let antitrust regulators decide Massmart acquisition conditions

A Tuesday report by Bloomberg said that South Africa’s parliament will let anti-trust regulators decide what conditions to impose on Wal-Mart Stores in its acquisition of Massmart Holdings Ltd.

Cape Town, South Africa -- A Tuesday report by Bloomberg said that South Africa’s parliament will let anti-trust regulators decide what conditions to impose on Wal-Mart Stores in its acquisition of Massmart Holdings Ltd.

The Competition Tribunal ruled on May 31 that Wal-Mart could proceed with its $2.4 billion purchase of a controlling stake in Johannesburg-based wholesaler Massmart on condition no jobs are cut for two years.

June 2, 2011
Report: Wal-Mart executives discuss South Africa acquisition

A report Thursday by the Associated Press said that Wal-Mart Stores executives met Thursday to discuss the proposed Massmart acquisition, which is expected to close in June.

Bentonville, Ark. -- A report Thursday by the Associated Press said that Wal-Mart Stores executives met Thursday to discuss the proposed Massmart acquisition, which is expected to close in June.

According to the report, as Wal-Mart expands its international business, the company wants to bring ideas it gains from the South African chain to other markets.

April 27, 2011
Jones Q1 profit down 34% on charges, costs

Jones Group's net income fell 34% in the first quarter, weighed down by higher costs and charges tied to an acquisition.

New York City -- Jones Group's net income fell 34% in the first quarter, weighed down by higher costs and charges tied to an acquisition.

Jones Group earned $25.9 million, compared with $39.4 million a year ago.

Jones Group said its quarterly results included about $11 million in costs and charges tied to its Stuart Weitzman acquisition and other restructuring and strategic review costs. Last year's quarter included costs and charges totaling approximately $3 million.

April 14, 2011
Real Estate Report

Chain Store Age's annual review of development, acquisition and management activities.

Click here to download the full report.

February 10, 2011
Driving M&A Success in 2011

The increased pace of merger and acquisition activity late in 2010, including some huge deals, suggests that 2011 will be an active year. Low interest rates, significant cash on many firms’ balance sheets, and stock prices that are low enough to attract buyers but high enough to move sellers off the sidelines all reinforce that possibility.


January 18, 2011
Driving merger and acquisition successes in 2011

The increased pace of merger and acquisition activity late in 2010, including some huge deals, suggests that 2011 will be an active year.

By George F. Brown, Jr., gfb@bluecanyonpartners.com

The increased pace of merger and acquisition activity late in 2010, including some huge deals, suggests that 2011 will be an active year. Low interest rates, significant cash on many firms’ balance sheets, and stock prices that are low enough to attract buyers but high enough to move sellers off the sidelines all reinforce that possibility.

November 2, 2010
Casey’s rebuffs 7-Eleven, announces 44-store acquisition

Casey’s General Stores said Wednesday it has ended its discussions with 7-Eleven regarding a potential...

July 19, 2010
Exits and acquisitions: Key concepts for successful deals

Merger and acquisition (M) transactions can be a viable alternative for accomplishing a number of...

By Kenneth H. Marks, khmarks@HighRockPartners.com

Merger and acquisition (M) transactions can be a viable alternative for accomplishing a number of strategic objectives in the context of building and realizing value for emerging growth and middle-market companies (those from startup to several hundred million dollars in revenue).

Let’s take a high-level view of the buy-side and sell-side processes, and a framework for thinking about and planning each.

July 18, 2010
Office Depot won't renew government contract

Office Depot said Friday it will not seek to renew its contract with Los Angeles...

July 11, 2010
Staples to complete acquisition of Corporate Express Australia

A subsidiary of Staples now controls about 92% of the shares in Corporate Express Australia...

March 10, 2010
Drugstore.com to pursue acquisitions

Drugstore.com CEO Dawn Lepore said she will pursue acquisitions to boost growth in the company’s...

August 3, 2008
Amazon.com to Acquire AbeBooks

Amazon.com reached an agreement to acquire AbeBooks, an online marketplace for books, with more than...

May 11, 2008
Children’s Place Allows Former CEO’s Acquisition Talks

The board of Children’s Place Retail Stores Inc. has approved a request from the company’s...

April 17, 2008
FTC Lifts Waiting Period on O’Reilly, CSK Merger

The Federal Trade Commission has granted an early termination of the required waiting period for...

January 31, 2008
O'Reilly Automotive Proposes to Acquire CSK Auto

Springfield, Mo. O’Reilly Automotive is proposing to acquire all of the outstanding shares of CSK...

October 4, 2007
Accenture Acquires H.B. Maynard

New York, Global...

August 28, 2006
Urban Retail Properties Names New Senior Associate

Chicago, Urban Retail...