March 14, 2002
Private equity firm Cortec Group has signed a letter of intent to acquire Edison, NJ-based health and home care products cataloger Dr. Leonard’s Healthcare, which also mails the Carol Wright Gifts catalog, for about $200 million. A source familiar with …More...
March 7, 2002
revised its offer to acquire the 16% of Intimate Brands that it doesn’t already own. The original deadline was March 11; The Limited extended it to midnight, March 20.
Under the amended offer, all Intimate Brands shareholders will be offered 1.10 …
March 4, 2002
Uniforms, textile rental, and laundry services firm Angelica Corp., which mails the Life Uniform and Image Apparel catalogs, said on March 4 that it is negotiating with two buyers for parts of its manufacturing and marketing business, with agreements set to …More...
February 23, 2002
(Direct Newsline) Peter Lytle plans to hold onto all of the assets of Fingerhut Cos. and to keep existing senior staffers if his bid to purchase the company is successful, says Marshall Masko, Lytle’s partner in investment company Business Development …More...
February 22, 2002
The likelihood of Federated Department Stores selling its Fingerhut Cos. subsidiary has increased significantly now that there’s another offer on the table. After Cincinnati-based Federated announced on Feb. 21 that it signed a nonbinding letter of intent with Wayzata, MN-based …More...
February 21, 2002
The waiting is over—maybe.
Federated Department Stores announced on Feb. 21 that it has signed a nonbinding letter of intent with Wayzata, MN-based Business Development Group Acquisitions (BDGA) to acquire its Fingerhut Cos. subsidiary. According to Federated spokesperson Carol Sanger, …
February 20, 2002
filed a request with the Securities and Exchange Commission on Feb. 20 seeking more time to review an offer from retailer The Limited to acquire the 16% of Intimate Brands it doesn’t already own. The Limited announced its unsolicited $1.46 …
February 1, 2002
Let’s say you’re searching the Website of Getty Images, a distributor of photographs, illustrations, and graphic software. You want to download a photo for the cover of your annual report. Since you sell track-and-field equipment, you type “jumper” into the …More...
January 1, 2002
The taxman, as well as a desire to grow an underdeveloped segment of its business, led $150 million educational supplies mailer Nasco International to merge with Aristotle Corp., a $10 million holding company. The deal is expected to close during the first …More...
December 1, 2001
To give customers another channel for ordering product and communicating with the company, Radnor, PA-based Airgas launched Airgas B2B in September. Clients can use the site to research Airgas’s industrial, medical, and specialty gases, welding equipment, …