Article: Bi-Mart buyout deadline passes.(Business)(The Eugene-based retailer had given employees several weeks to decide on a stock ownership plan)

Byline: Edward Russo The Register-Guard

A key deadline for Bi-Mart Corp. came and went without word from the Eugene-based retail chain.

Bi-Mart employees had until Thursday afternoon to decide if they want to use part of their retirement savings to buy the 64-store chain for $94 million through an Employee Stock Ownership Plan, or ESOP.

The proposed transaction is important to Lane County. Bi-Mart employs more than 300 people at its west Eugene headquarters, and more than 500 others in 10 Lane County stores.

Its annual Lane County payroll exceeds $24 million.

Attempts to learn how many employees elected to participate in the ...

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