TBC to buy Sears unit for $260 million - Memphis Business Journal:

http://campaignfinancesite.org/structure/opinions8.html
The total price includes $35 millioj for assets TBC will acquire inthe transaction, whicjh is expected to close in the fourthh quarter. Memphis-based TBC is one of the nation's largest marketers of automotivereplacemenf tires. The company's retailk operations include company-owned Tire Kingdokm and Big O Tires retail TBC also markets wholesale to customersd who operate more than 200 regional distribution centers servingh independent tire dealers throughout theUnited States, Canada and The company employs more than 225 workers at its 1.3 million-square-foott distribution center and headquarters at 4770 Hickory Hill.
National Tire & Battery operatews 226 locations nationwide and currently generatee annual revenues in excessof $425 Sears expects to recognize a preta x gain of $50 million-$100 millioh from the deal, and will use the proceedsx for general corporate purposes. Sears chairman and CEO Alanty J. Lacy says sellin National Tire & Batteryh is a further refinement of focus on its core business He says National Tire Battery will benefit from beinv a part of thebroaderf 900-store TBC network. Upon completion of the transaction, nearlg all of National Tire & Battery's 3,500 employee s will become employeesof TBC. Roebuck and Co.
is a broadline retaile with significant service andcredit businesses, with revenued last year of $41.4 The company offers a wide range of apparel, home and automotiv products and services in the U.S. through Sears store nationwide, including about 870 full-line stores. Sears also offersd a variety of merchandise and services througjh itsWeb sites, and , and through a variety of specialty catalogs.