big lots

Retail
Big Lots Completes Sale/Leaseback Transaction

Big Lots has completed its previously announced sale and leaseback transactions with affiliates of Oak Street Real Estate Capital relating to its four company-owned distribution centers. Gross proceeds from the transactions were $725 million and net proceeds, after expenses and taxes, are expected to be approximately $550 million. 

Retail
Big Lots Appoints Two New Independent Directors

Big Lots has formed an agreement with Macellum Advisors and Ancora Advisors, who beneficially own approximately 9.8% of the company’s outstanding common shares, to appoint Andrew Clarke and Aaron Goldstein to the company’s board of directors, effective immediately.

Retail
Big Lots Strengthens Business Operations

Big Lots has updated its business operations related to the impact of COVID-19. As a provider of everyday essentials, Big Lots said its stores remain open with a special emphasis on grocery, cleaning, pet, and health and wellness assortments.

Retail
Activist Investors Eye Big Lots Value Opportunity

Macellum Advisors and Ancora Advisors, activist investors who are sponsoring a slate of nominees for the Big Lots board of directors, has issued an open letter for fellow shareholders describing what they see as means to increase the value of the company.

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