Aaron Bros. Announces Merger
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Aaron Brothers Art Marts announced today that it will merge with Bridgehead Inc., a newly formed Delaware corporation organized by Charterhouse Group International and other investors.
Under the terms of the agreement, Bridgehead will buy all issued and outstanding shares of Aaron Brothers common stock for $13 per share. Los Angeles-based Aaron Brothers operates a chain of 61 specialty retail stores in California, Arizona and Nevada, selling picture frames, art supplies and home decorating accessories.
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