I always cringe when I see a leveraged buyout or buyout of a company and the first thing in their press release is blather about "opportunities" with their associates and partners. To me that has always meant that the newly purchased company will be looking for ways to charge everyone for the costs of their purchase.
I was there when this happened when Sperry was bought by Burroughs and then dismembered for funds for to keep Burroughs afloat, then the rest of the carcass. I'm speaking for myself. Dan -----Original Message----- From: Allen Hoffman 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> ------------------------ Yahoo! Groups Sponsor --------------------~--> Get Bzzzy! (real tools to help you find a job). Welcome to the Sweet Life. http://us.click.yahoo.com/A77XvD/vlQLAA/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/
