Southland Corp. Sells Hawaii Stores: Southland Corp....
From Times Staff and Wire Reports
Southland Corp. Sells Hawaii Stores: Southland Corp. has completed the sale of 58 stores and related properties in Hawaii for $75 million, plus an additional amount for inventories--all in cash--to an affiliate of Seven-Eleven Japan Co. The stores will continue to operate as 7-Eleven stores under a license agreement. Southland will apply the net proceeds of the transaction to repayment of bank debt incurred in a leveraged buyout.
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