ABILENE, Kan., July 25, 2013 (GLOBE NEWSWIRE) -- ALCO Stores, Inc. (Nasdaq:ALCS) ("ALCO" or the "Company"), a general merchandise retailer specializing in providing a superior selection of essential products for everyday life in small-town America, and Argonne Capital Group LLC ("Argonne"), a private investment firm based in Atlanta, Georgia, today announced that the companies have entered into a definitive merger agreement. Under the terms of the merger agreement, Argonne will acquire all of the outstanding shares of ALCO Stores' common stock for $14.00 per share in cash. This price represents a premium of approximately 63 percent to ALCO's share price on July 24, 2013, the last trading day prior to ALCO's announcement of the transaction contemplated by the merger agreement. The cash price for ALCO shares in the proposed transaction totals approximately $47 million.
ALCO Stores, Inc. Enters Into Definitive Agreement To Be Acquired By Argonne Capital Group
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