Mergers & Acquisitions

Dick’s Sporting Goods first Field & Stream outdoor specialty store is scheduled to open this fall in the Pittsburgh suburb of Cranberry Township.

DALLAS — Kimberly-Clark has announced that Clive Sirkin has been named vice president and chief marketing officer, reporting to Tony Palmer, president of global brands and innovation.

Sirkin joined K-C in 2007 and has held a number of marketing leadership positions.

"Since joining K-C, Clive has been instrumental in building strong, healthy brands and businesses around the world," Palmer said. "As CMO, Clive will continue the ongoing transformation of our marketing function as a core driver of our growth agenda."

The board of directors of the General Electric Company nominated former Securities and Exchange Commission chairman Mary Schapiro to serve on its board.

Schapiro will stand for election at GE’s annual meeting on April 24, the company said.

New York -- Barnes & Noble Inc. signed an employment agreement with CEO William Lynch to remain in his post for another two years, according to a filing with the U.S. Securities and Exchange Commission.

Lynch will receive the same compensation and benefits as before, but get an additional cash bonus of $1.8 million for his role in attracting investments from Microsoft Corp. and Pearson PLC in forming Nook Media LLC, according to a Reuters report.

New York -- After nearly three weeks of testimony, a New York State Supreme Court Judge ordered Macy's, J.C. Penney Co. and Martha Stewart Living Omnimedia into mediation to try and reach a settlement in their contract dispute trial.
 
If the three companies do not reach an agreement before April 8, the judge will resume hearing the case.
 
In another development in the ongoing dispute, Penney agreed not to sell certain Martha Stewart-designed goods (products deemed exclusive to Macy’s) until at least April 8.

Seattle -- Nordstrom announced two new locations for Nordstrom Rack, with stores planned for Chicago and Jacksonville, Fla.

In Jacksonville, Nordstrom Rack will open in The Markets at Town Center in Jacksonville, Fla. The approximately 35,000-sq.-ft. store is scheduled to open in fall 2013.

The announcement follows recently announced plans to open a Nordstrom full-line store at St. Johns Town Center in fall 2014. Nordstrom currently operates nine full-line stores and eight Rack stores throughout Florida.

New York -- SL Green Realty Corp. announced Wednesday that fashion retailer Alexander McQueen has signed a 15-year lease for a mid-block retail space at 747 Madison Avenue.   

The tenant is expected to move into the space during third quarter 2013.
 
The retail co-op interest at 747 Madison is owned by a joint venture that includes SL Green, Jeff Sutton and Harel Insurance Co.

City of Industry, Calif. -- Hot Topic announced it has agreed to be acquired by New York-based private equity firm Sycamore Partners for $14.00 per share in cash, or a total of approximately $600 million.

The agreement, unanimously approved by Hot Topic’s board of directors, represents a premium of approximately 30% over Hot Topic’s closing stock price on March 6, 2013.