Search
 

GlobeSt.com UPDATE: ShopKo Gets Another Offer

GREEN BAY, WI-Private-equity firm Goldner Hawn Johnson & Morrison ups its offer for the general merchandise retailer to $27 per share. Executives have now asked bidders to submit their "best and final offer." Shareholders will meet on Oct. 26 to vote on the deal.

By Ian Ritter | Updated on October 17, 2005

(Ian Ritter is national online editor for GlobeSt.com/RETAIL.)

GREEN BAY, WI-ShopKo Stores executives have received a counter offer to buy the company after Developers Diversified Realty and a group of private equity firms submitted a $26.50-per-share, or about $800-million bid for the chain earlier this month. Goldner Hawn Johnson & Morrison, which submitted the first proposal earlier this year, a $25.50-per-share offer, has now upped its proposal to $27.

Executives have now asked bidders to submit their “best and final offer.” Shareholders will meet on Oct. 26 to vote on the deal.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.