Industry News

Bon-Ton Stores Inc. has decided to meld its online and brick-and-mortar operations,..."/>
Bon-Ton launches buy online, pick up in-store service [The Morning Call (Allentown, Pa.)]
Dover Motorsports announced last week it had agreed to sell the Nashville Superspeedway to Panattoni Development Co., an international commercial real estate development company that specializes in industrial, office and build-to-suit projects. Under the terms of the agreement, Dover..."/>
Economic board talks speedway sale [The Lebanon Democrat, Tenn.]
Universal Forest Products is acquiring idX Corp., an Earth City-based manufacturer of custom furniture and fixtures for retailers, restaurants and hotels, for $162.5 million. Grand Rapids, Mich.-based Universal Forest Products is paying $68 million to acquire idX's stock in addition to paying $94.5 million to retire idX's debt and other financial obligations, the company said in a regulatory filing. The acquisition is slated to close by the end of the third quarter...."/>
Michigan company buying Earth City-based idX [St. Louis Post-Dispatch]
Liberty Tax franchises, the tax-service chain told analysts Friday morning that it spent more on compliance, severance and operations in its first quarter and borrowed more money from its revolving line of credit. The Virginia Beach-based chain lost $9.4 million in its first quarter, or 73 cents per share, compared with $8.5 million or 67 cents per share last year."/>
Liberty Tax lost $9.4 million in first quarter, takes over more franchises [The Virginian-Pilot]
Sears store near the state Capitol in St. Paul, pitched a few years ago as the anchor of a new development featuring apartments, offices and additional retail, is no longer owned by Sears. The 187,000- square-foot store and 17 acres of land around it are now owned by Seritage Growth Properties, which leases the space to Sears Holdings."/>
St. Paul Sears store not for sale -- it's sold [Pioneer Press, St. Paul, Minn.]
Harley-Davidson Inc. will "impact" 26 regular union positions at its Kansas City plant, part of about 200 cuts across the company, company officials said Friday. The local cuts also will affect three casual union Kansas City jobs, which are pay-only, no-benefits positions filled as needed for various shifts, said Maripat Blankenheim of Harley-Davidson. The Kansas City operation also will lose four contingent non-union positions, essentially contractor jobs."/>
BRIEF: Harley-Davidson cutbacks impact 29 union jobs in Kansas City [The Kansas City Star]
Vista Outdoor Inc. has acquired Utah-based outdoor cooking solutions provider Camp Chef for USD 74 m, the company said. The acquisition price is comprised of USD 60 m in cash paid at closing and USD 14 m in cash to be paid out in equal installments on the first, second and third anniversaries of the closing date, subject to certain conditions. However, the effective purchase price is lower, due to value created by certain..."/>
Vista Outdoor Acquires Outdoor Cooking Products Firm Camp Chef for USD 74m
Twenty-First Century Fox, Inc. concerning possible violations of the law. If you purchased or otherwise acquired shares of Fox in 2013 or before, and would like more information regarding the investigation, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you."/>
INVESTOR ALERT: Goldberg Law PC Announces an Investigation of Twenty-First Century Fox, Inc. and Advises Investors to Contact the Firm
Target, Beyond Urgent Care offers services such as X-rays, diagnostic testing, corporate wellness, genetic testing and occupational medicine."/>
Beyond Urgent Care opens in Bethel [The Hour, Norwalk, Conn.]
Comcast will raise rates on many Oregon cable TV and internet plans by $5 a month in October, and boost additional fees most subscribers pay for sports and local channels by as much as 50 percent. That adds another $3 to most monthly TV bills. The Northwest's largest cable TV company has 600,000 subscribers in Oregon and Southwest Washington."/>
Comcast sets $8 rate hike for most internet, cable TV packages [The Oregonian, Portland, Ore.]
MGM Resorts International has closed the acquisition of 188,100,000 ordinary shares of its MGM China Holdings Ltd. subsidiary, from Grand Paradise Macau, an entity controlled by Pansy Ho, the company said on Tuesday. As a result of the transaction, the company acquired an additional 4.95% of the outstanding ordinary common shares of MGM China and will own approximately 56% of MGM China's outstanding common shares."/>
MGM Resorts Closes USD 325m Deal Acquisition of Increased Stake in China Business

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