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Article: Trans World Entertainment Announces the Asset Acquisition of CD World, Inc.
- Article from:
- PR Newswire
- Article date:
- September 18, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Trans World Entertainment Corporation , a leading retailer of entertainment products, today announced that it has reached an agreement in principal to acquire substantially all of the assets of CD World, Inc. CD World, currently operating in Chapter 11 bankruptcy, is a specialty music retailer, which owns and operates 13 freestanding stores located in New Jersey and Missouri. The transaction, which is expected to close in early October 2003, represents total consideration of $1.8 million and is subject to the approval of the U.S. Bankruptcy Court for the District of New Jersey.
Trans World Entertainment is a leading specialty retailer of music and video ...