Jul. 3, 2015, 2:07 AM
- Sycamore Partners is preparing an offer for Belk (OTCPK:BLKIA, OTCPK:BLKIB) that could value the U.S. department store chain at $3B-$3.5B, including debt, Reuters reports.
- It was not immediately clear what competition Sycamore faced for Belk, but the latter is expected to make a decision on whether to sell the company this month.
- Previously: Belk hires Goldman Sachs to prep for sale (Apr. 02 2015)
- Previously: Reuters: Belk seeking a sale (Apr. 02 2015)