Finance & Capital Management

Wal-Mart Stores has learned that TRC Capital Corporation has made an unsolicited “mini-tender” offer dated Jan. 20, 2016, the company announced Tuesday. TRC has offered to purchase up to 2 million shares of Walmart’s common stock at $59.88 per share. The offering price is approximately 4.3% below the closing price per share of Walmart’s common stock on Jan. 19, 2016, the last trading day before the commencement of the offer.

Walmart is not associated with TRC and recommends that shareholders reject this unsolicited offer.

Family-owned and operated Broadway Panhandler, in Manhattan’s East Village, is going out of business after 40 years in operation.

The cookware store has long been a cult fave among restaurant chefs and home cooks alike.

As to the reason, the owner cited health issues of his wife and said his attempts to sell the business were unsuccessful, according to the New York Times.

Alimentation Couche-Tard Inc. has appointed Claude Tessier as its CFO, effective Jan. 28. The leader in the Canadian convenience store industry, Couche-Tard is the largest independent convenience store operator in the United States terms of number of company-operated stores.

The industry veteran joins Couche-Tard from Canadian grocer Sobeys Inc., where he was president of the IGA Operations Business Unit.

A timely acquisition helped Coach Inc.’s post a sales gain in the second quarter — its first quarterly increase in 10 quarters.

The handbag and accessories retailer’s total sales increased 4.0% in the quarter ended December 26, to $1.27 billion, up from $1.22 billion in the year ago period.

Since their meteoric rise last year, 3D printers have captured the imaginations of consumers and businesses alike. 3D printers work like inkjet printers on steroids — rather than depositing a single layer of ink, 3D printers spin out successive layers until a final product is created based on a computer-aided design (“CAD”) blueprint.

In the name of creating a more efficient and focused organization, Staples announced several key senior leadership moves while its acquisition of rival Office Depot appears in jeopardy.

Shira Goodman, currently president, North American commercial, has been named president, North American operations with responsibility for Staples’ business-to-business, online and retail operations across the United States and Canada.

In the name of creating a more efficient and focused organization, Staples announced several key senior leadership moves while its acquisition of rival Office Depot appears in jeopardy.

Shira Goodman, currently president, North American commercial, has been named president, North American operations with responsibility for Staples’ business-to-business, online and retail operations across the United States and Canada.

Troutdale, Ore. -- Time Equities announced the expansion of its Northwest portfolio with the acquisition of Columbia Gorge Premium Outlets, located in Troutdale, Oregon for $28,425,000.

Oakbrook, Illinois -- Retail Properties of America announced that it has acquired two-properties to add to its portfolio, which include Merrifield Town Center II and Shoppes at Hagerstown, both located in the greater Washington, D.C./Baltimore area. The properties were acquired through an off-market transaction, on an unencumbered basis, for a combined purchase price of $72.7 million.