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Archive Home > 2010 > December > 24 > Firm to buy Jo-Ann stores for $1.6B

Firm to buy Jo-Ann stores for $1.6B


December 24, 2010

Jo-Ann Stores agreed to a $1.6 billion buyout offer Thursday from Leonard Green & Partners, the latest private equity deal for a retail company.

The $61-a-share bid for Jo-Ann Stores, which sells fabric and crafts, represents a 34 percent premium to the company’s closing price....

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