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Slide #7. La-Z-Boy Incorporated — Three La-Z-Boy Furniture Galleries Stores
Acquirer:
La-Z-Boy Incorporated (NYSE:LZB)
Acquiree:
Three La-Z-Boy Furniture Galleries Stores
Details:
La-Z-Boy Incorporated (NYSE: LZB) today announced it intends to acquire three La-Z-Boy Furniture Galleries stores located in the Las Vegas, NV market, with combined revenue of approximately $11 million. Included in the transaction are two stores in Las Vegas and one in Henderson.
La-Z-Boy is a producer of reclining chairs and a manufacturer/distributor of residential furniture in the United States. Co.'s reportable operating segments include the Wholesale segment and the Retail segment. Co.'s Wholesale segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans and sleeper sofas and imports casegoods (wood) furniture, such as occasional pieces, bedroom sets, dining room sets and entertainment centers. Co.'s Retail segment primarily sells upholstered furniture, in addition to some casegoods and other accessories, to end consumers through these stores.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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