Tuesday, 25 August 2015

Private Equity Firm to Buy Department Store Belk for $3 Billion

Private Equity Firm to Buy Department Store Belk for $3 Billion 

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 […]

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Source: Private Equity Firm to Buy Department Store Belk for $3 Billion

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