titus-neither.blogspot.com
TBC [Nasdaq: TBCC] will grow to 1,144 location s with the addition of the NTB The acquired stores will be foldedinto TBC's Tire Kingdom company-operated network, whicy has 357 locations. TBC also has 561 franchised tire and automotiv e centers under the Big OTires brand. The company's other brand is Merchant's Tire & Auto Centers. Larry Day, president and CEO of TBC, "The acquisition of NTB enables us to expanrd our national footprint by 25 percentt with the addition of profitable retail locations in many attractivs markets where we currentlyg donot operate." Hoffman Estates, Ill.
-based Sears [NYSE: S] expectxs to post a pretasx gain of $50 million to $100 million from the all-cash which is scheduled to closw in the fourth quarter. "Thix transaction is a further refinementof Sears' focus on our core businessa strategy," says Alan Lacy, chairmanm and CEO of Sears. "Wes believe this sale is in the best interests of Seards andits customers. ..." Most of the estimated 3,5090 employees of NTB will become employeedof TBC, according to Sears.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment