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Sears & Restoration; Robb & Stucky catalog; Target Commercial Interiors
December 17, 2007
Sears Holdings submitted a draft acquisition agreement to Restoration Hardware Wednesday (Dec. 12) that offers to pay its stockholders $6.75 per share in cash through a tender offer. The draft agreement was disclosed in a Securities and Exchange Commission filing on Friday. The filing also revealed that Sears plans to evaluate the company and the desirability of the acquisition under the terms of a confidentiality pact giving Sears access to nonpublic information about the retailer
Furnishings and interior design company Robb & Stucky Ltd. recently unveiled a new e-commerce Web site and mailed over a million copies of its first print catalog. The 92-year-old Fort Myers, Fla.-based company sells high-end furniture and accessories at locations in Arizona, Nevada, Texas, and Florida.
Target Corp. announced plans to open a commercial furniture store in downtown Minneapolis in July. The new Target Commercial Interiors store will be the second in Minnesota and the sixth nationwide. Target Commercial Interiors sells desks, chairs, lighting, artwork and floor coverings and offers interior design services to businesses.
Posted by Susan Dickenson on December 17, 2007 | Comments (0)
