Revco bid for Big B would provide three new states, 387 new stores for Revco.
This article was originally published in The Tan Sheet
REVCO BID FOR BIG B WOULD ALLOW EXPANSION INTO THREE NEW STATES -- Alabama, Florida and Mississippi -- by Twinsburg, Ohio-based Revco. Revco's Sept. 9 hostile bid for Bessemer, Ala.-based Big B would add 387 stores to Revco's existing base of 2,184 stores in 14 contiguous states. "Revco and Big B represent an excellent geographic fit, with only limited overlap of stores and distribution centers," Revco told Big B in its letter making the tender offer.
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