Renters choice to acquire Thorn's U.S. operations
Article Abstract:
Renters Choice Inc., an upstart based in Dallas, TX, will buy the US operations of London, UK-based Thorn PLC for $900 million. The transaction will make Renters Choice the biggest operator of rent-to-own stores in the world with over 2,000 stores across the US and an estimated annual revenue of around $1.2 billion. The deal is also in line with Renters Choice's strategy of acquiring stores in an extremely fragmented industry. The US Thorn unit, Kansas-based Thorn Americas Inc., operates around 1,400 rent-to-own stores under the brand names U-Can Rent, Remco and Rent-A-Center. Renters Choice will assume all Thorn's other legal liability, while Thorn has agreed to indemnify Renters Choice for lawsuits in Pennsylvania and Minnesota.
Comment:
Will buy the US operations of London, UK-based Thorn PLC for $900 mil
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Milken, Ellison bolster their presence in consulting with another acquisition
Article Abstract:
Nextera Enterprises LLC, an independent consulting unit of Knowledge Universe, which was co-founded by brothers Michael and Lowell Milken and Oracle Corp. Chairman Lawrence Ellison, has acquired Sibson & Co. of Princeton, NJ, a mid-size management-consultancy firm, under undisclosed terms. The purchase of Sibson, which has an annual revenue of about $45 million, is a step towards attaining Nextera's goal of becoming a $1 billion-a-year business by 2000. The company's recent acquisition of four consultancy firms include Planning Technologies Group and Symmetrix Inc., both of Massachusetts.
Comment:
Its independent consultancy unit Nextera Enterprises has acquired Sibson & Co of Princeton, NJ, under undisclosed terms
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Investcorp deal boosts shares of Jostens 31%
Article Abstract:
Investcorp SA and other investors have reached a deal to acquire Jostens Inc. for approximately $950 million (938 million euros). Jostens saw its share value increase by 31% as a result of the deal.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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