RETAIL TRADE: Allied Makes a Buy

  • Share
  • Read Later

(2 of 2)

* The deal: Stern's will buy up and retire 42.8% of its stock (145,332 shares), paying stockholders $24 a share. Puckett will get 81% of the remainder (157,252 shares), from two big stockholders, Stern's President Thomas W. MacLeod and Manhattan's Manufacturers Trust Co., by trading them one share of Allied for two shares of Stern's.

  1. 1
  2. 2
  3. Next Page