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New Deal


Announced

Shoppers World to acquire Forman Mills.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Majority

Pending

Friendly

Single Bidder

Diversified Retailers

Private Equity

Domestic

Private

Restructuring

United States

department store

Synopsis

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Shoppers World, a regional department store, agreed to acquire Forman Mills, a retail chain company. Financial terms were not disclosed. The deal likely rescues Forman Mills from bankruptcy. The retailer recently laid off hundreds of employees and told the Pennsylvania Department of Labor & Industry it would have to file Chapter 11 if it couldn’t find a buyer.

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