We are good predictors of the future. Linens 'n Things has agreed to be acquired in a $1.3 billion deal that will take the chain private. The home-furnishings retailer, which has been struggling with stiff competition from discounters and specialty chains, will be acquired by a newly formed company controlled by Apollo Management. Under the terms of the agreement, Linens 'n Things stockholders are to receive $28 per share in cash.
Apollo is investing in our concept, our company and our future, which will lead to additional new opportunities for all our associates and our business partners, said Norman Axelrod, chairman and CEO, Linens 'n Things. Source: RetailNet <http://www.retailnet.com/story.cfm?ID=25112> [Non-text portions of this message have been removed] ------------------------ Yahoo! Groups Sponsor --------------------~--> Fair play? Video games influencing politics. Click and talk back! http://us.click.yahoo.com/T8sf5C/tzNLAA/TtwFAA/OIFolB/TM --------------------------------------------------------------------~-> . Please use the following Message Identifiers as your subject prefix: <SALES>, <JOBS>, <LIST>, <TECH>, <MISC>, <EVENT>, <OFF-TOPIC> Access the list online at: http://groups.yahoo.com/group/EDI-L Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/EDI-L/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
