ShopKo gets green light from FTC
May 31, 2005,
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 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.