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VIDEO UPDATE ANNOUNCES AGREEMENTS TO ACQUIRE FOURTEEN STORES
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PR Newswire
- Article date:
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September 5, 1995
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Copyright informationCOPYRIGHT 1995 PR Newswire Association, 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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ST. PAUL, Minn., Sept. 5 /PRNewswire/ -- Video Update, Inc. (Nasdaq: VUPDA, VUPDW, VUPDZ) today announced that it has entered into two letters of intent, one relating to the acquisition of two video superstores in Anchorage, Alaska, and one relating to the acquisition of twelve video superstores in Western Canada. September closings for both transactions are expected. Other terms were not disclosed.
"This acquisition enhances our strategic growth plan and further strengthens our presence in an important geographic region for the company," said Daniel Potter, chairman and CEO of Video Update.
Today's announcement comes on the heels of the ...
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