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Mergers & Acquisitions

  • Report: Retailers lining up for Sports Authority assets

    Dick’s Sporting Goods and Academy Sports + Outdoors have submitted letters of interest to buy some of the assets of Sports Authority Inc. that will go on the block in a bankruptcy auction, according to Reuters.

    Modells Sporting Goods is also reportedly interested in some of the assets of the chain, which filed for Chapter 11 bankruptcy protection in early March.

  • Is Amazon Business a threat to Staples/Office Depot?

    A ruling in the dispute between the Federal Trade Commission and Staples could hinge on whether the judge in the case is an Amazon Prime member who appreciates the online giant’s disruptive business model and potential to impact the business-to-business marketplace.  

  • Accenture names former Oracle exec as head of retail

    Jill Standish
    Jill Standish has joined Accenture Consulting and been named senior managing director, retail. As the head of Accenture’s retail practice, Standish will focus on the business strategy and ongoing development and execution of retail industry strategy for clients. She will also manage the company’s retail industry client portfolio.

  • Publix names three new board members

    Publix Super Markets added its soon-to-be CEO, current CFO and a retired Deloitte executive to its board of directors when the Southeast’s leading food retailer held its annual stockholders meeting on April 12.

    Publix president Todd Jones, CFO David Phillips and retired Deloitte executive Jessica Blume were elected to the board of the $32.4 billion retailer.

  • Lowe’s funds Rona acquisition

    Lowe's Companies Inc. is pricing a $3.3 billion notes offering, with an eye toward supporting a planned purchase of another home improvement retailer.

    The retailer has agreed to sell $250 million of floating rate notes due 2019, $350 million of 1.15% notes due 2019, $1.35 billion of 2.5% notes due 2026 and $1.35 billion of 3.7% notes due 2046.

  • Chicago-area shopping center sells for $20 million

    Mid-America Real Estate Corp.’s investment sales team recently brokered the sale of Oak Brook Court. Tampa, Florida-based Third Lake Capital acquired the 103,836-sq.-ft. property for $19.95 million. Oak

    Brook Court is located at the northeast corner of Kingery Highway (Illinois Route 83) and 16th Street in Oak Brook Illinois, part of the Chicago metropolitan statistical area. The center is anchored by Binny’s Beverage Depot, Office Max and The Great Escape.

  • Loblaw plans $1 billion enterprise growth investment

    Canadian supermarket and pharmacy retailer Loblaw Companies intends to expand in areas including real estate, e-commerce, IT and supply chain during 2016.

  • 99 Cents Only bolsters capital structure

    Leading single price point retailer 99 Cents Only has secured a major amendment and extension of its credit facility until 2021.

    The operator of 391 stores, 283 of which are located in California, announced it successfully completed an amendment and extension of its asset-based revolving credit facility providing commitment of up to $160 million and extending the maturity date by five years to April 8, 2021.

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