Mergers & Acquisitions

Madison, Wisc. – American TV & Appliance, an 11-store electronics chain with locations in Wisconsin, Iowa and Illinois, is preparing to go out of business. The company is closing stores Feb. 18 and 19 to mark down prices and will launch its going-out-of-business sale at all locations on Feb. 20.

Health and beauty pioneer Horst Rechelbacher died at his home in Osceola, Wis., at the age of 72 after a battle with pancreatic cancer.

Tejon Ranch, Calif. — Pottery Barn plans to open a new outlet store at The Outlets at Tejon. At 12,397-sq. ft., it will be the retailer’s ninth outlet store in the U.S. and its only current outlet store in California.

Currently under construction and slated to open in August 2014, The Outlets at Tejon is located on Interstate 5 between Los Angeles and Bakersfield, Calif.

Hy-Vee has entered into an agreement to purchase Amber Pharmacy, a specialty pharmacy solutions provider based in Omaha, Neb.

Hy-Vee and Amber Pharmacy have been partners in Hy-Vee Pharmacy Solutions since 2010. This acquisition allows Hy-Vee to expand its current specialty pharmacy business, providing customers with increased specialty options, access and affordability.

Abilene, Kansas – A group called Concerned Alco Stockholders (CAS), led shareholders David Pointer and Dilip Singh, it intends to mail its own proxy statement to stockholders of Alco Stores Inc. for the purpose of giving Alco stockholders the opportunity to vote for new board members at the Alco 2014 annual meeting of stockholders.

Dublin, Ohio -- The Wendy’s Company announced the sale of 70 restaurants in the Dallas-Ft. Worth metroplex to Texas-based MUY Hamburger Partners, a Wendy's  franchisee. The transaction is designed to promote new restaurant growth and reimaging, while generating a more predictable revenue stream for the company.

New York -- Revionics, a provider of end-to-end merchandise optimization solutions, appointed the company’s president and CEO Marc Hafner as chairman of the board.

Hafner has served as president and CEO since 2010 and with this newly added role he will lead the company’s strategic planning and accelerate its global growth.

Plano, Texas -- J.C. Penney Company has named Ed Record as CFO, effective March 24. He will also serve as executive VP. Record, 45, comes to Penney from regional department store chain Stage Stores, where he most recently served as COO and, before that, as CFO.

Record will succeed Ken Hannah, who was hired in May 2012 under former CEO Ron Johnson.