The struggling nutritional supplement retailer The Vitamin Shoppe was recently purchased by Liberty Tax. The sale of the Sears Outlet business (the "Sale") is in accordance with the terms of the agreement and plan of merger between Sears Hometown and Transform Holdco LLC ("Transform"), which was previously announced by Sears Hometown and Transform on June 3, 2019 (the "Merger Agreement"). Liberty Tax Inc. on Thursday announced it will acquire the Secaucus-based Vitamin Shoppe Inc. for approximately $208 million in an all-cash transaction. This is a continuation of Liberty Tax's strategy of identifying and acquiring franchised or franchisable businesses while also building scale at attractive acquisition valuations. In August, Vitamin Shoppe said it had agreed to be acquired by Liberty Tax in an all-cash transaction valued at approximately $208 million. The US omnichannel, speciality retailer of nutritional products will be sold in an all-cash transaction valued at … As a result of the Sale, which is estimated to result in Net Proceeds (as defined in the Merger Agreement) of approximately $121 million, the merger consideration payable by Transform in the merger transaction for the outstanding shares of Sears Hometown not owned by ESL Investments, Inc. and its affiliates is estimated to be approximately $3.25 per share in cash, an increase of approximately $1.00, or approximately 44.4%, from the previously announced base merger consideration of $2.25 per share. Liberty Tax also supports local communities with fundraising endeavors and contributes as a national sponsor to many charitable causes. Liberty Tax soon to be renamed the Franchise Group has inked a definitive agreement to acquire the Vitamin Shoppe in an all cash transaction. Liberty Tax said the acquisition of Sears Outlet is an important step forward in the evolution of the company's strategic objectives. Liberty Tax’s acquisition of the 41 Buddy’s Home Furnishings stores from A-Team Leasing was financed, in part, through approximately $23 million of additional borrowings under the existing secured credit facility of Buddy’s. Guggenheim Investments ("Guggenheim") is the global asset management and investment advisory division of Guggenheim Partners, with more than $209 billion1 in total assets under management across fixed income, equity, and alternative strategies. Fo Liberty Tax, Inc. today announced that they have entered into a definitive agreement under which Liberty Tax will acquire The Vitamin Shoppe in an … Liberty Tax, Inc. today announced that they have entered into a definitive agreement under which Liberty Tax will acquire The Vitamin Shoppe in an … Liberty Media Corporation Launching Corporate-Sponsored SPAC: Liberty Media Acquisition Corporation. SEC.report. Additional Information and Where to Find It. By Briana Adhikusuma. Form SC 13D/A (Filed by) SEC.report. The Vitamin Shoppe is being acquired by Virginia Beach, Virginia-based Liberty Tax Inc. for $208 million, the Secaucus-based nutritional products announced Thursday. The acquisition of Sears Outlet is an important step forward in the evolution of Liberty Tax's strategic objectives, as it follows the July 2019 acquisition of Buddy's Home Furnishings and the proposed acquisition of The Vitamin Shoppe, Inc. ("Vitamin Shoppe") announced earlier in August. Shearman & Sterling LLP acted as legal counsel to the Special Committee of the Sears Hometown Board of Directors and PJ Solomon acted as its financial advisor. Form SC 13D/A Liberty Tax, Inc. [Amend] General statement of acquisition of beneficial ownership. Liberty Tax acquired Buddy’s Home Furnishings in July and is in the process of acquiring The Vitamin Shoppe for approximately $208 million. Liberty Tax’s acquisition of Buddy’s was consummated concurrently with the execution of the definitive documentation. Liberty Tax, Inc. Form SC 13D/A. VIRGINIA BEACH, Va., Nov. 28, 2018 (GLOBE NEWSWIRE) -- Liberty Tax, Inc. (OTC PINK: TAXA) ("Liberty Tax" or the "Company"), the parent company of Liberty Tax Service, today announced that it has received an unsolicited and non-binding proposal from an unaffiliated private equity fund to acquire all of the outstanding shares of Liberty Tax for $13.00 per share. “Following a careful and disciplined assessment, the board of directors has concluded that the acquisition proposal from Liberty Tax maximizes value for our shareholders. Liberty Tax, based in Virginia Beach, Virginia, announced Tuesday that it has entered into a definitive deal to purchase the Sears Outlet business, along with Buddy’s Home Furnishings Stores, from Sears Hometown and Outlet Stores Inc. in an all-cash transaction valued at up to $132.9 million. This unique portfolio of Sears Outlet retail stores and distribution capabilities will add complementary products and sales channels and enable Liberty Tax to offer high quality home goods to consumers across the nation, while also offering unique value propositions. Liberty Tax begins review of acquisition proposal, will solicit other proposals, too. Additional Information and Where to Find It. In connection with its sale of these Buddy's Home Furnishings stores to Liberty Tax, A-Team Leasing intends to become a franchisee of five Sears Outlet locations, with this franchising transaction expected to become effective concurrently with the Sale. The acquisition of Sears Outlet is an important step forward in the evolution of Liberty Tax’s strategic objectives, as it follows the July 2019 acquisition of Buddy’s Home Furnishings and the proposed acquisition of The Vitamin Shoppe, Inc. (“Vitamin Shoppe”) announced earlier in August. At the time, Liberty said the Buddy's acquisition was "the first step in a strategic transformation of Liberty Tax. Acquisitions Position Ayr as a Top-Tier MSO, Reaching 73 Million People Across Seven States Ayr Management to Host Conference Call Today at 8:45 a.m. Eastern TimeTORONTO, Dec. 22, 2020 (GLOBE NEWSWIRE) -- Ayr Strategies (CSE: AYR.A, OTCQX: AYRWF, “Ayr” or “the Company”), a leading vertically integrated cannabis multi-state operator, today announced the proposed acquisition of Liberty … Liberty Tax is focused on the evaluation and acquisition of franchise-oriented or complementary businesses. ESL Investments, Inc. and its affiliates, the majority owners of Transform, presently hold approximately 55.2% of the outstanding shares of Sears Hometown. In the U.S. and Canada, last year, Liberty Tax prepared approximately two million individual income tax returns in more than 3,100 offices and online. These statements are subject to various significant risks and uncertainties, many of which are outside of the control of Sears Hometown and Liberty Tax, including, among others, the risk that the proposed transaction may not be completed in a timely manner or at all, which may adversely affect the business and the stock price of Sears Hometown and/or Liberty Tax; risks related to the occurrence of any event, change or other circumstance that could give rise to the termination of the purchase agreement or the failure to satisfy any of the conditions to the completion of the proposed transaction; the calculation of Net Proceeds under the Merger Agreement and any adjustment to the merger consideration under the Merger Agreement as a consequence thereof; the effect of the announcement or pendency of the proposed transaction on the ability of Sears Hometown or Liberty Tax to retain and hire key personnel and maintain relationships with its customers, suppliers, partners and others with whom they do business, or on their respective operating results and business generally; risks associated with the diversion of management’s attention from ongoing business operations due to the proposed transaction; legal proceedings related to the proposed transaction; uncertainties as to Liberty Tax’s ability to obtain financing in order to consummate the proposed transaction; costs, charges or expenses resulting from the proposed transaction; the franchising of the Sears Outlet business, including to A-Team Leasing; and the ability of Liberty Tax to implement and execute on its franchise-centric business model. Its Outlet stores are designed to provide its customers with in-store and online access to new, one-of-a kind, out-of-carton, discontinued, reconditioned, overstocked, and scratched and dented products across a broad assortment of merchandise categories, including home appliances, lawn and garden equipment, apparel, mattresses, sporting goods and tools at prices that are significantly lower than list prices. About The Vitamin Shoppe, Inc. (NYSE:VSI) Liberty Tax’s acquisition of the 41 Buddy’s Home Furnishings stores from A-Team Leasing was financed, in part, through approximately $23 million of additional borrowings under the existing secured credit facility of Buddy’s. Companies; Documents; Forms; Alerts; Stock Ticker Lookup. Guggenheim's 300+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. Investors are urged to carefully read the information statement regarding the merger, the transactions contemplated to be entered into in connection therewith (including the proposed Sale) and any other relevant documents in their entirety when they become available because they will contain important information about the merger and the transactions contemplated to be entered into in connection therewith (including the proposed Sale). When completed, the definitive information statement will be mailed to Sears Hometown's stockholders. The Sale and the merger between Sears Hometown and Transform are each expected to close in October 2019, subject to the satisfaction of specified conditions. Liberty Global (Nasdaq: LBTYA, LBTYB and LBTYK) has successfully completed the acquisition of Sunrise Communications AG (SIX Swiss Exchange: SRCG). Actual results may differ materially from anticipated results or outcomes discussed in any forward-looking statement. Liberty Tax, Inc. (Virginia) the parent company of Liberty Tax Service and Buddy’s Home Furnishings, and New Jersey-based Vitamin Shoppe, Inc., announced that they have entered into a definitive agreement under which Liberty Tax will acquire The Vitamin Shoppe in an all cash transaction valued at approximately $208 million. Form SC 13D/A (Filed by) SEC.report. Aug 08, 2019. Indeed, this follows Liberty Tax’s June acquisition of The Vitamin Shoppe and its 785 stores for $208 million, and its July acquisition of rent-to-own retailer Buddy’s Home Furnishings and its 300 stores for $80 million. In connection with the execution of the purchase agreement, Liberty Tax entered into a debt commitment letter with Guggenheim Credit Services, LLC, as administrative agent and lead arranger, and clients managed by Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, and an equity commitment letter with an affiliate of Vintage, each of which is subject to customary conditions. VIRGINIA BEACH, Va., Sept. 19, 2019 (GLOBE NEWSWIRE) -- Liberty Tax, Inc. today announced that its previously disclosed name change to Franchise Group, Inc. (the “Company”) has become effective. Liberty Tax's online services are available through eSmart Tax, Liberty Online and DIY Tax, and are all backed by the tax professionals at Liberty Tax locations and its nationwide network of seasonal tax preparers. Forward-looking statements speak only as of the date when made and neither Sears Hometown nor Liberty Tax undertakes any obligation to update these statements in light of subsequent events or developments. United States Franchise Users Canadian Franchise Users Corporate & Area Developer Users. About Sears Hometown and Outlet Stores, Inc. Sears Hometown and Outlet Stores, Inc. is a national retailer primarily focused on selling home appliances, hardware, tools and lawn and garden equipment. BirdChief Financial Officer (847) 286-8650 ebird1@shos.com. The Liberty transaction expands Prologis' presence in a number of key logistics markets, including Lehigh Valley, Chicago, Houston, Central PA, New Jersey and Southern California. The Company previously announced the proposed acquisition of … This communication is being made in respect of the proposed Sale and the separately proposed merger involving Sears Hometown and Transform. Search / Go. Liberty Tax also owns Buddy's Home Furnishings, a specialty retailer engaged in the business of leasing and selling consumer electronics, residential furniture, appliances and household accessories. These transactions are intended as the first step in … SECAUCUS, NJ—Locally-based retailer The Vitamin Shoppe is to be acquired by Liberty Tax Inc. of Virginia Beach, VA in a deal valued at approximately … The new owner is acquiring franchise businesses or ones that can change business models. SEC.report. Sears Hometown and Liberty Tax believe that all forward-looking statements are based on reasonable assumptions when made; however, Sears Hometown and Liberty Tax caution that it is impossible to predict actual results or outcomes or the effects of risks, uncertainties or other factors on anticipated results or outcomes with certainty and that, accordingly, one should not place undue reliance on these statements. Upon the closing of the Sale, Liberty Tax’s store portfolio will include several hundred retail locations with a combination of company operated and franchisee operated stores. Investors are urged to carefully read the information statement regarding the merger, the transactions contemplated to be entered into in connection therewith (including the proposed Sale) and any other relevant documents in their entirety when they become available because they will contain important information about the merger and the transactions contemplated to be entered into in connection therewith (including the proposed Sale). About The Vitamin Shoppe, Inc. (NYSE:VSI) In connection with its sale of these Buddy’s Home Furnishings stores to Liberty Tax, A-Team Leasing intends to become a franchisee of five Sears Outlet locations, with this franchising transaction expected to become effective concurrently with the Sale. Form SC 13D/A Liberty Tax, Inc. [Amend] General statement of acquisition of beneficial ownership. November 19, 2020 07:20 AM Eastern Standard Time. Liberty Tax also supports local … In addition, Buddy's Newco, LLC ("Buddy's"), a wholly owned subsidiary of Liberty Tax, has acquired 41 Buddy's Home Furnishings stores from A-Team Leasing, an existing Buddy's Home Furnishings franchisee. The actual increase, if any, in the per share base merger consideration in the merger transaction with Transform is dependent on the actual amount of Net Proceeds realized by Sears Hometown in the Sale, which may be lower than the current estimate. Its Hometown stores (which includes its Hometown Stores, its Hardware Stores, and its Home Appliance Showrooms) are designed to provide its customers with in-store and online access to a wide selection of national brands of home appliances, tools, lawn and garden equipment, sporting goods and household goods, depending on the particular format. The parent of Liberty Tax Service has agreed to buy Sears Hometown's Outlet Stores unit in a cash deal valued at $132.9 million, the companies said in a … When completed, the definitive information statement will be mailed to Sears Hometown’s stockholders. Form SC 13D/A (Filed by) SEC.report. Liberty Tax, Inc. Form SC 13D/A. 1 Guggenheim Investments assets under management figure is as of 6.30.2019 and includes $11.2 billion of leverage. Liberty Tax and Buddy’s will operate as stand-alone businesses with separate management teams. These statements are subject to various significant risks and uncertainties, many of which are outside of the control of Sears Hometown and Liberty Tax, including, among others, the risk that the proposed transaction may not be completed in a timely manner or at all, which may adversely affect the business and the stock price of Sears Hometown and/or Liberty Tax; risks related to the occurrence of any event, change or other circumstance that could give rise to the termination of the purchase agreement or the failure to satisfy any of the conditions to the completion of the proposed transaction; the calculation of Net Proceeds under the Merger Agreement and any adjustment to the merger consideration under the Merger Agreement as a consequence thereof; the effect of the announcement or pendency of the proposed transaction on the ability of Sears Hometown or Liberty Tax to retain and hire key personnel and maintain relationships with its customers, suppliers, partners and others with whom they do business, or on their respective operating results and business generally; risks associated with the diversion of management's attention from ongoing business operations due to the proposed transaction; legal proceedings related to the proposed transaction; uncertainties as to Liberty Tax's ability to obtain financing in order to consummate the proposed transaction; costs, charges or expenses resulting from the proposed transaction; the franchising of the Sears Outlet business, including to A-Team Leasing; and the ability of Liberty Tax to implement and execute on its franchise-centric business model. Liberty Tax is focused on the evaluation and acquisition of franchise-oriented or complementary businesses. Liberty is the parent company of Liberty Tax Service and lease-to-own Buddy’s Home Furnishings and is in the process of acquiring The Vitamin Shoppe. Guggenheim focuses on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. The Vitamin Shoppe … Liberty Tax is buying the Sears Outlet business and the remaining Buddy’s Home Furnishings stores it hasn’t already acquired for about $132.9 million in cash. © 2020 GlobeNewswire, Inc. All Rights Reserved. Search / Go. “Following a careful and disciplined assessment, the board of directors has concluded that the acquisition proposal from Liberty Tax maximizes value for our shareholders. Guggenheim’s 300+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. Liberty Tax intends to finance the transaction through a combination of new debt, Liberty Tax’s balance sheet cash and/or an equity contribution from an affiliate of Vintage Capital Management, LLC (“Vintage”). In the U.S. and Canada, last year, Liberty Tax prepared approximately two million individual income tax returns in more than 3,100 offices and online. Sign in. And with 3000+ locations, our fast, friendly, and guaranteed accurate tax preparation services are right around the corner. Mumbai: The UK based Liberty group has acquired the bankrupt 0.25 million tonne SBQ Steels, culmulating a three year process in which the company was put into liquidation after inital efforts to sell it failed. Additional factors that could cause actual results to differ materially from forward-looking statements include the strength of the economy; changes in the overall level of consumer spending; the performance of the products and services of Sears Hometown and Liberty Tax within the prevailing retail or other business environment; implementation of the strategy of Sears Hometown and Liberty Tax; management changes; maintaining appropriate levels of inventory; changes in tax policy; ecommerce relationships; disruptions of repair and distribution facilities or information systems; other specific factors discussed herein and in other United States Securities and Exchange Commission (the "SEC") filings by Sears Hometown and Liberty Tax (including their respective reports on Forms 10-K and 10-Q filed with the SEC). Liberty Tax also supports local communities with fundraising endeavors and contributes as a national sponsor to many charitable causes. Liberty Tax is focused on the evaluation and acquisition of franchise-oriented or complementary businesses. The forward-looking statements are based upon the current beliefs and expectations of the managements of Liberty Tax and Sears Hometown and should be read in conjunction with the other cautionary statements, including "Risk Factors" that are included in SEC filings by Liberty Tax and Sears Hometown. Companies; Documents; Forms; Alerts; Stock Ticker Lookup. Liberty Tax is focused on the evaluation and acquisition of franchise-oriented or complementary businesses. Andrew Laurence, Chairman of Liberty Tax’s Board of Directors, said, “We are excited about the acquisition of Sears Outlet and its unique model that offers its customers in-store and online access to outlet-value products across a broad assortment of merchandise categories, while serving as a valuable supply chain partner for its vendors. 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