|
|
Article: Wieboldt bidding to buy Carson's
- Article from:
- Chicago Sun-Times
- Article date:
- March 29, 1986
- Author:
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
|
A group representing Chicago's struggling Wieboldt Stores
yesterday offered to buy Carson Pirie Scott & Co. for $350 million.
Carson's managers declined to comment on the bid yesterday, but
experts greeted the surprising move with skepticism.
The 102-year-old Wieboldt's and 132-year-old Carson's chains
would be sister companies if the $35-per-share bid is accepted, said
Wieboldt's Chairman Gil Granet, who heads the private Baytree
Investors firm that proposed the takeover. "They'd be individual
profit centers. There's no thought of a merger."
"Hopefully, it's a friendly offer," Granet said. "We'd like to
see the present management continue" at Carson's.
The offer depends on getting ...