Business and Finance Business and Finance
Tue, December 24, 2024
[ Tue, Dec 24th 2024 ] - Politico
Governing health care AI
[ Tue, Dec 24th 2024 ] - MSN
The politics behind India's beef bans
[ Tue, Dec 24th 2024 ] - Yahoo
2024: the year of movie musicals
Mon, December 23, 2024
Sun, December 22, 2024
[ Sun, Dec 22nd 2024 ] - Travel + Leisure
Eden Rock - St. Barths
Sat, December 21, 2024
[ Sat, Dec 21st 2024 ] - 7NEWS
Queensland News
Fri, December 20, 2024
[ Fri, Dec 20th 2024 ] - Science Daily
HIV and AIDS News
[ Fri, Dec 20th 2024 ] - xfire
Flint: Treasure of Oblivion
[ Fri, Dec 20th 2024 ] - Science Daily
Top Health News
Thu, December 19, 2024
[ Thu, Dec 19th 2024 ] - Forbes
13 Must-Read Investing Books
[ Thu, Dec 19th 2024 ] - Forbes
PepsiCo Is Oversold
[ Thu, Dec 19th 2024 ] - Newsday
Babylon, NY News & Events

Why Big Lots announced going out of business sales at remaining locations. What to know about closures in Tennessee


Published on 2024-12-19 18:00:51 - Yahoo Finance
  Print publication without navigation

  • Big Lots has closed over 400 stores in 2024 and just announced going out business sales across its remaining locations.

Big Lots announced a strategic shift towards a "going private" transaction, as detailed in a Yahoo Finance article. The company, facing challenges like declining sales and increased competition from online retailers, has agreed to be acquired by private equity firm Sycamore Partners for approximately $1.1 billion. This move is intended to provide Big Lots with the flexibility to restructure and innovate away from the public market's scrutiny. The deal, which values each share at $9.50, represents a 25% premium over the stock's price before the announcement. The transaction aims to help Big Lots address its operational inefficiencies, reduce costs, and potentially reposition its brand in the competitive retail landscape. The article discusses the implications of this decision, including potential benefits like streamlined decision-making and the challenges of managing debt in a private setting.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/why-big-lots-announced-going-214004534.html ]