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Article: Hills' future in hands of new board members.(Hills Stores Co.)(Company Profile)
- Article from:
- Daily News Record
- Article date:
- July 12, 1995
- Author:
CopyrightCOPYRIGHT 1995 Conde Nast Publications, Inc. 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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NEW YORK - In what could be a pivotal meeting, the new board of Hills Stores Co. convenes today to consider the future of the regional discounter.
After Dickstein Partners Inc. seized control of Hills Stores Co. last week, Mark Dickstein, president of the investment firm, immediately announced, "We expect that within one month's time we will be able to disclose whether the board will endorse the sale of the company to a third party or to a management-led buyout group." He could not be reached for further comment.
Meanwhile, reports are mounting that Dickstein, who is chairman of Hills, or a separate investor group might take the company private. Dickstein ...