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Article: Mexican Retail Group Plans to Acquire CompUSA.(Knight Ridder/Tribune Business News)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- January 24, 2000
- Author:
CopyrightCOPYRIGHT 2000 Knight-Ridder/Tribune Business News. 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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Jan. 25--One of Mexico's largest retail groups said yesterday that it will purchase Addison-based CompUSA, the computer superstore chain that has struggled with declining earnings, for $797.7 million.
Grupo Sanborns S.A. de C.V. has a 14.8 percent stake in CompUSA and will pay shareholders $10.10 in cash for each outstanding share it does not already own. The Mexican company is a subsidiary of Grupo Carso, in which Mexican billionaire Carlos Slim Helu and his family hold a majority stake.
The deal -- which will result in CompUSA becoming a privately-held company -- was not a complete surprise, because merger and acquisition rumors had surrounded CompUSA ...
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Article: Grupo Sanborns to face greater challenges in 2004.
Internet Securities;
December 26, 2003 ;
430 words
...MEXICO CITY, Dec 26, 2003 (Cronica/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Grupo Sanborns, one of businessman Carlos Slim's companies, will face greater challenges next year due to the growing competition in the market ...
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