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Provider: Thomson Reuters Stock Report
Provider: Stock Traders Daily
Provider: Wright Reports
Provider: New Constructs, LLC

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Lowe's Companies Inc Acquires 72 Orchard Supply Hardware Stores

Monday, 12 Aug 2013 07:00am EDT 

Lowe's Companies Inc announced further progress in its plans to acquire the majority of assets of Orchard Supply Hardware, including 72 stores, for approximately $205 million in cash, plus the assumption of payables owed to nearly all of Orchard's supplier partners, subject to Bankruptcy Court approval. Lowe's has been advised by Orchard that no additional bids were received by the deadline of August 9, 2013. The transaction will be presented to the Bankruptcy Court for approval on August 20, 2013, and Lowe's anticipates completing the acquisition by the end of August. 

Company Quote

-0.34 -0.64%
23 Sep 2014