LYCOS RETRIEVER 
Shopko Stores: Quarters
built 630 days ago
ShopKo Stores announced sales and earnings for the third quarter. ShopKo Stores announced sales and earnings for the third quarter (13 week period) ended November 3, 2001. Unless otherwise noted, all results are before the effects of non-comparable items as described in the section titled "Non-Comparable Items". Third q
Source:
The transaction is expected to be completed in ShopKo's second fiscal quarter of 2005. Commitment letters have been obtained for all necessary debt financing in connection with the transaction from Bank of America, ShopKo's current principal lender, and Backbay Capital Funding LLC, an affiliate of Bank of America. The transaction is subject to approval by ShopKo's shareholders, funding under the financing commitments, and other customary conditions, including regulatory approvals.
Source:
Goldner Hawn could choose to come back with another counteroffer, but a spokesperson for ShopKo said he did not think that was likely. The deal's closure is now subject to shareholder approval. The date of the meeting has not been determined, the spokesperson said, but the deal is likely to close sometime in the fourth quarter.
Source:
MORE ABOUT
Quarters