Acquisition includes 92 stores, outstanding shares
Posted May 31, 2011
As its first expansion of retail operations outside of the U.S., close-out retailer Big Lots (Columbus, Ohio) signed a definitive agreement to purchase Liquidation World Inc.'s (Ontario) 92 store locations.
Under the agreement, Big Lots will acquire all outstanding shares of Liquidation World for approximately $1.85 million. The transaction is expected to be completed by July.