Belk has announced that private equity firm Sycamore Partners will purchase 100 percent of the retailer in a deal valued at $3 billion. The merger agreement was unanimously approved by Belk’s board of directors, the company said in a release, and is expected to completed in the fourth quarter of 2015. Belk stockholders will receive $68 for […]
The post Private Equity Firm to Buy Department Store Belk for $3 Billion appeared first on CentrePierrePeladeau.com.
Source: Private Equity Firm to Buy Department Store Belk for $3 Billion