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Report: Office Depot de Mexico to raise up to $374 million in IPO
New York -- Mexico's Grupo Gigante expects to raise up to 4.954 billion pesos ($374.14 million) in its initial public offering of Office Depot de Mexico shares, Reuters reported.
The company plans to sell up to 291 million shares, local filings revealed.
The listing is provisionally set to price on Feb. 5, the report said.
In June, Grupo Gigante, acquired the 50% stake in the office supplies chain that it did not already own.
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New 99 Cents Only Store to open in Las Vegas
City of Commerce, Calif. — 99¢ Only Stores will open a new 20,000-sq.-ft. Las Vegas location on Jan. 23. The new store will feature a perishable food department, with produce, dairy and frozen foods.
The new store will kick off its grand opening celebration by selling Westinghouse 40-in. flat-screen TVs for only 99 cents to the first nine customers in line. In addition, anyone in line by 7:45 a.m. will receive a raffle ticket for a chance to win the tenth Westinghouse 40-in. flat-screen TV.