Deals
Big Lots Said to Explore Sale After Buyout Interest
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Big Lots Inc., the Columbus, Ohio-based discount retailer, is exploring a possible sale after receiving interest from buyout firms, said two people with knowledge of the situation.
Big Lots, which is working with Goldman Sachs Group Inc. to study strategic options, was approached by Thomas H. Lee Partners LP and Bain Capital LLC, said one person, who declined to be identified because the matter is private. The shares climbed 15 percent yesterday in New York, giving the chain a market value of about $3 billion.