ShopKo Stores signs merger agreement with affiliate of Sun Capital

19 Oct '05

2 min read

Quality goods retailer ShopKo Stores Inc announced it has signed a definitive merger agreement to be acquired by an affiliate of Sun Capital Partners Inc to acquire the Company for $29.00 per share plus an increase in the per share price of 6 percent per annum each day beginning on December 15, 2005 and ending on the closing date of the transaction. ShopKo terminated the merger agreement between the Company and Badger Retail Holding Inc, an affiliate of Goldner Hawn Johnson & Morrison Incorporated ('GHJM'), immediately prior to signing the merger agreement with the Sun Capital affiliate.

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Sun Capital Partners Inc is a leading private investment firm focused on leveraged buyouts and investments in market-leading companies that can benefit from its in-house operating experience and expertise. Sun Capital Partners Inc has offices in Boca Raton, Los Angeles, New York, and London. With more than $2.5 billion of equity capital under management, affiliates of Sun Capital Partners Inc have acquired approximately 100 companies throughout the world with consolidated sales in excess of $22.0 billion.

Green Bay, Wisconsin based ShopKo Stores Inc is a retailer of quality goods and services. With stores located throughout the Midwest, Mou

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