B C Moore & Sons acquisition places Stage Stores on terra firma
21 Feb '06
1 min read
Apparel maker Stage Stores Inc announced that it has entered into a definitive agreement to acquire privately owned B C Moore & Sons Inc ("B.C. Moore") for approximately $37.0 million in cash.
The transaction, which has been approved by the Boards of Directors of Stage and B C Moore, is expected to close within the next thirty days and is subject to customary closing conditions.
Stage Stores Inc brings nationally recognized brand name apparel, accessories, cosmetics and footwear for the entire family to small and mid-size towns and communities through 550 stores located in 31 states.
The Company operates under the Stage, Bealls and Palais Royal names throughout the South Central states, and under the Peebles name throughout the Midwestern, Southeastern, Mid-Atlantic and New England states.
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