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)
Belk, Inc., together with its subsidiaries (collectively, the "Company" or "Belk"), is the largest privately owned mainline department store business in the United States, with 303 stores in 16 states, as of the fiscal year ended January 28, 2012. Located primarily in the southern United States,... More
Sector: Consumer Goods
Industry: Department Stores
Country: United States
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