CITY OF COMMERCE, Calif. — 99 Cents Only Stores here said Tuesday that it has agreed to be acquired by a consortium of private investors led by Ares Management and the Canada Pension Plan Investment Board, along with its family majority owners. The cash offer of $22 per share, or $1.6 billion, trumps a $1.4 billion buyout offer proposed in March by the Schiffer/Gold family and Leonard Green & Partners. That offer resulted in the formation of a special committee to explore ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.