Department Stores

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MonotaRO plans to acquire property

Thursday, 27 Aug 2015 02:00am EDT

MonotaRO Co Ltd:To acquire a plot of land in Ibaraki from the Ibaraki government at price of 2,124,400,000 yen in total, in April 2016.

Belk Inc enters into definitive agreement to be acquired by Sycamore Partners

Monday, 24 Aug 2015 09:00am EDT

Belk Inc:Says it has entered into a definitive merger agreement whereby Sycamore Partners will acquire 100% of Belk in a transaction with an estimated enterprise value at closing of about $3.0 billion.Says under the terms of the merger agreement, all Belk stockholders will receive $68.00 per share in cash for each share of Belk common stock they own.Says under the terms of the transaction, Tim Belk will remain CEO of Belk and the company will continue to be headquartered in Charlotte.Says transaction is expected to be completed in the fourth quarter of calendar 2015.

Minsheng Holdings to acquire stake in Shenzhen-based electronics company

Thursday, 13 Aug 2015 08:00pm EDT

Minsheng Holdings Co Ltd:To acquire 75 pct stake in a Shenzhen-based electronics company, which is mainly engaged in development, production and sale of video monitoring product, from Oceanwide Holdings.Transaction price of 320,258,000 yuan.

Seongan to sell properties to Daegu Department Store

Tuesday, 11 Aug 2015 02:42am EDT

Seongan Co Ltd:To sell land and building located in Daegu, to Daegu Department Store Co., Ltd.Transaction price of 15,922,902,966 won.Expected transaction settlement date of Dec. 28.

Nanjing Xinjiekou Department Store offers letter of intent to China Cord Blood

Thursday, 6 Aug 2015 08:00pm EDT

Nanjing Xinjiekou Department Store Co Ltd:Offers letter of intent to China Cord Blood, to acquire umbilical cord blood bank assets and business interests in China, including all companies in China, for no less than 6 bln yuan.

Nanjing Xinjiekou Department Store completes stake acquisition

Sunday, 2 Aug 2015 08:00pm EDT

Nanjing Xinjiekou Department Store Co Ltd:Completes acquisition of 100 pct stake in two Nanjing-based trading companies from SanPower Group.

Nanjing Xinjiekou Department Store revises to issue new shares to acquire company and raise fund

Thursday, 23 Jul 2015 08:00pm EDT

Nanjing Xinjiekou Department Store Co Ltd:To issue 96,853,701 and 4,900,684 new shares of its common stock, at the price of 5.70 yuan per share, to acquire 100 pct stake in two companies from SanPower Group.Total acquisition price is 580 million yuan.To issue up to 37,686,803 new shares at the price of 5.13 yuan per share, through private placement, to raise up to 193.3333 million yuan.Says part of the proceeds raised through private placement will be used to pay the cash consideration in the acquisition, and the rest of the proceeds will be used to pay for agency fee.SanPower Group will raise in the company to 31,68 pct (259,251,567 shares) from 21.98 pct (157,497,182 shares).

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