FYE Parent Company Bids for Musicland

posted on 2006-02-22 17:41 EST
Trans World Entertainment Corporation, parent company of FYE, has made a bid to acquire Musicland for $104 million in cash and $17.1 million in debt assumption. According to Home Media Retailing, Transworld will convert 345 Suncoast and Sam Goody stores to its own brands and close the remainder.

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