ShopKo gets green light from FTC

GREEN BAY , Wis. — ShopKo Stores, Inc. has been cleared to proceed with its acquisition by an affiliate of Minneapolis-based private equity investment firm Goldner Hawn Johnson & Morrison Incorporated (GHJM).

The Federal Trade Commission granted ShopKo early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, which could have held up the deal.

The closing remains subject to approval by ShopKo's shareholders, funding under the financing commitments obtained by GHJM, and other conditions. The company currently expects the transaction to close late in its second fiscal quarter or early in the third.

Featured Video

  • The Countdown to the ICON Honors Continues featuring Christophe Pourny

    Camera Icon More Videos

CURRENT ISSUE

HTT digital edition

See the May 2017 issue of Home & Textiles Today. In this issue, we discuss our annual Market Basket survey, which finds higher prices and more polyester at leading retailers. See details!