News Formal

Sunrise Records Completes FYE Acquisition From Trans World Entertainment

  • 📰 billboard
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Sunrise Records has completed its acquisition of Trans World Entertainment assets, including the FYE chain, which gives the Canadian-based chain that also owns HMV about 400 outlets in North America a

nd the U.K.

While the agreement calls for Sunrise to pay Trans World $10 million for the assets, it also applies a formula that would see the final price at about $11.5 million. That's based on Jan. 20 inventory levels at the retail chain worth $44 million, according to the filing. Trans World will continue to run online merchandiser eTailz.

The deal brings Sunrise into the U.S. where FYE has about 200 stores. Sunrise's also operates 85 Sunrise and HMV stores in Canada and about 115 HMV stores in the U.K. Trans World share price closed up 20 cents at $3.50 on Thursday before the acquisition's expected completion was announced hours later.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Congrats

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 112. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Google Cloud, on a buying spree, acquires mainframe company Cornerstone TechnologyWith its latest acquisition, the company is targeting the mainframe. inversebrah
La source: CNBC - 🏆 12. / 72 Lire la suite »