Ollie's Bargain Outlet Winning Bidder in Bankruptcy Auction to Acquire Eleven Former 99 Cents Only Stores [Yahoo! Finance]
REAL BRANDS INC (RLBD)
NASDAQ:AMEX Investor Relations:
investors.lb.com
Company Research
Source: Yahoo! Finance
conclusion of a final sale hearing, the United States Bankruptcy Court for the District of Delaware approved the Company's stalking horse bid to acquire eleven former 99 Cents Only Stores locations. The Company and debtor entered into an asset purchase agreement to acquire eleven former 99 Cents Only Stores locations for $14.6 million in cash. The locations were acquired through the auction process held in connection with 99 Cents Only Stores' bankruptcy proceedings. The bankruptcy court approved the sale of the eleven stores to the Company on May 23, 2024, with appropriate court orders to follow. Of the eleven store locations, three of these are owned properties and eight are leased properties with attractive rents and leasing structures, located in key markets across Texas. The acquisition is expected to close in early June. “We are very excited to be announced as the winning bidder of these store locations. These stores are the right size, located in good trade areas, have attrac
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RLBD
News
- OLLIE'S ANNOUNCES SWEEPSTAKES TO CROWN AMERICA'S BIGGEST CHEAPSKATE! [Yahoo! Finance]Yahoo! Finance
- Dr. Richard Goldberg Joins Real Brands' Board of Directors, Enters Consulting Agreement [Yahoo! Finance]Yahoo! Finance
- Dr. Richard Goldberg Joins Real Brands' Board of Directors, Enters Consulting AgreementGlobeNewswire
- Real Brands acquire Vapor Shark assets [Seeking Alpha]Seeking Alpha
- Real Brands Acquires Vapor Shark Assets [Yahoo! Finance]Yahoo! Finance
RLBD
Sec Filings
- 5/15/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 4/1/24 - Form 10-K
- RLBD's page on the SEC website