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Home Furnishing Stores M&A image Home Furnishing Stores M&A » By The Online Investor Staff, updated Sun., Aug. 9, 12:37 PM Recent mergers and acquisitions in the Home Furnishing Stores M&A category.

Slide #3. Leon's Furniture Limited The Brick Ltd.

Acquirer: Leon's Furniture Limited (LNF.CA)
Acquiree: The Brick Ltd. (BRK.CA)
Details: Leon's Furniture Limited and The Brick Ltd. are pleased to announce that they have entered into a definitive agreement that provides for the acquisition of The Brick by Leon's by way of plan of arrangement for $5.40 per share. Leon's will also acquire all of the outstanding common share purchase warrants of The Brick for $4.40 per warrant. The total consideration payable to Brick shareholders and warrantholders is approximately $700 million.

Leon's Furniture is engaged in the retailing of home furnishings, electronics and appliances across Canada from Alberta to Newfoundland and Labrador, and focuses on selling merchandise and services to middle and upper-middle income individuals and families. Co.'s product selections include home furnishings, major appliances and home electronics. As of Dec. 31, 2011, Co. owns a chain of 41 retail stores operating as Leon's Home Furnishings Super Stores, two retail stores operating under the brand of Appliance Canada and operates an ecommerce internet site www.leons.ca. Co. also has 27 franchisees operating 32 franchise stores.

Open the LNF.CA Page at The Online Investor »

Leon's Furniture is engaged in the retailing of home furnishings, electronics and appliances across Canada from Alberta to Newfoundland and Labrador, and focuses on selling merchandise and services to middle and upper-middle income individuals and families. Co.'s product selections include home furnishings, major appliances and home electronics. As of Dec. 31, 2011, Co. owns a chain of 41 retail stores operating as Leon's Home Furnishings Super Stores, two retail stores operating under the brand of Appliance Canada and operates an ecommerce internet site www.leons.ca. Co. also has 27 franchisees operating 32 franchise stores.

Open the BRK.CA Page at The Online Investor »

Company Name: 
Leon's Furniture Ltd
Website: 
www.leons.ca
Sector: 
Home Furnishing Stores
Company Name: 
Brixton Energy Corp
Sector: 
Oil & Gas Exploration & Production
 

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