Department Stores M&A » By The Online Investor Staff, updated Tue., Apr. 20, 2:35 AM
Recent mergers and acquisitions in the Department Stores M&A category.
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Slide #24. Core-Mark Holding Company, Inc. — J.T. Davenport & Sons, Inc.
Acquirer:
Core-Mark Holding Company, Inc. (NASDAQ:CORE)
Acquiree:
J.T. Davenport & Sons, Inc.
Details:
Core-Mark Holding Company, Inc., one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America, announced today that it has signed a Definitive Stock Purchase Agreement to acquire J.T. Davenport & Sons, Inc. (Davenport) located in Sanford, North Carolina. The transaction is structured as an all-cash stock acquisition pursuant to which Davenport will become a wholly-owned, indirect subsidiary of Core-Mark.
Core-Mark Holding Company is a wholesale distributor to the convenience retail industry, providing sales, marketing, distribution and logistics services to customer locations across the United States and Canada. Co. purchase a variety of brand name and private label products from suppliers and manufacturers. Co. purchases cigarette products from main United States and Canada manufacturers. Co. provides customers a variety of food/non-food products, including, candy, snacks, groceries, food, including fresh products, dairy, bread, beverages, other tobacco products, alternative nicotine products, general merchandise, and health and beauty care products.
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Avg. Broker Rec.
 
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Buy (3.25 out of 4) 42nd percentile
(ranked lower than approx. 58% of all stocks covered)
Analysts' Target Price: CORE Stock Forecast Based on Zacks ABR data; powered by Xignite |
