VOL.XXXVI
NO.44
2-AUGUST-1993
Financial And Banking News
REGIONAL BANKING
InvestcorpTeam Wins Control Of CircleK;SaksPaysOff
Subordinated Debt
Bahrain-basedInvestcorpcompletedtheacquisitionof
Circle K Corporation on 27 July. Thepurchase, which needed approval from a federal bankruptcycourt, involved the payment of $399.5mn to Circle K'screditors,andallowsthe companytoemerge from bankruptcy.Circle K operates approximately2,500 convenience stores sellinggeneralmerchandiseand gasoline in 28 states in...
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