Nashville, Tenn. — Nashville-based Bridgestone Americas Inc. has announced that Pep Boys and Bridgestone Retail Operations LLC (BSRO), a wholly owned subsidiary of Bridgestone, have entered into a definitive merger agreement under which BSRO will acquire Pep Boys in an all-cash transaction for $15 per share, or approximately $835 million in aggregate equity value.
New York — Cushman & Wakefield and DTZ have successfully completed their merger.
Charlotte, N.C. — Charlotte-based Belk, Inc., the nation’s largest family owned and operated fashion department store company, has entered into a definitive merger agreement whereby investment funds managed by New York-based private equity firm Sycamore Partners will acquire 100 percent of Belk in a $3 billion transaction.
Charlotte, N.C. — Real estate developer Stiles has hired a new senior vice president and promoted two employees in its Charlotte office.
Brussels — Ahold and Delhaize — two European grocery giants with strong holdings in the U.S. market — have agreed to merge the two companies.
Melville, N.Y. — A&G Realty is currently accepting bids on the leases, which range from 1,200 to 5,300 square feet.
Fort Worth, Texas — RadioShack currently has about 4,000 company-owned stores in the United States.
Foothill Ranch, Calif. — The company will continue to operate its business as “debtors-in-possession.”
New York — The company has also negotiated a commitment for a $20 million debtor-in-possession credit facility with Salus Capital Partners LLC.
Oakville, Ontario and Miami – The combined company will have more than 18,000 restaurants in 100 countries, and approximately $23 billion in annual sales.