Ollie's Bargain Outlet Says It Is Winning Bidder In Bankruptcy Auction To Acquire Eleven Former 99 Cents Only Stores For $14.6M; Acquisition To Close In Early June
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Ollie's Bargain Outlet has won a bankruptcy auction to acquire eleven former 99 Cents Only Stores for $14.6 million. The acquisition, approved by the United States Bankruptcy Court for the District of Delaware, is expected to close in early June.
May 24, 2024 | 11:34 am
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Ollie's Bargain Outlet has successfully bid to acquire eleven former 99 Cents Only Stores for $14.6 million. The acquisition, approved by the bankruptcy court, is expected to close in early June.
The acquisition of eleven store locations, including three owned properties and eight leased properties with attractive rents, is likely to enhance Ollie's Bargain Outlet's market presence in key Texas markets. This strategic move is expected to positively impact the company's growth and revenue.
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