Big Lots Closes Liquidation World Purchase
July 19, 2011,
COLUMBUS, Ohio-Big Lots has completed its acquisition of Liquidation World, the Canadian closeout retail chain.
Under the terms of the agreement, Big Lots invested $20 million in cash and assumed certain liabilities in order to purchase all of Liquidation World's outstanding shares, satisfy debt obligations and acquire all of the company's assets and leasehold rights.
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