Liberty Tax Inc. on Thursday announced it will acquire the Secaucus-based Vitamin Shoppe Inc. for approximately $208 million in an all-cash transaction. Acquisitions Position Ayr as a Top-Tier MSO, Reaching 73 Million People Across Seven States Ayr Management to Host Conference Call Today at 8:45 a.m. Eastern TimeTORONTO, Dec. 22, 2020 (GLOBE NEWSWIRE) -- Ayr Strategies (CSE: AYR.A, OTCQX: AYRWF, “Ayr” or “the Company”), a leading vertically integrated cannabis multi-state operator, today announced the proposed acquisition of Liberty … Liberty Tax also supports local communities with fundraising endeavors and contributes as a national sponsor to many charitable causes. The actual increase, if any, in the per share base merger consideration in the merger transaction with Transform is dependent on the actual amount of Net Proceeds realized by Sears Hometown in the Sale, which may be lower than the current estimate. In this new transaction Liberty Tax picked up an additional 41 Buddy’s locations from franchisee A-Team Leasing. Liberty Tax, Inc. (Virginia) the parent company of Liberty Tax Service and Buddy’s Home Furnishings, and New Jersey-based Vitamin Shoppe, Inc., announced that they have entered into a definitive agreement under which Liberty Tax will acquire The Vitamin Shoppe in an all cash transaction valued at approximately $208 million. The information in the preliminary information statement is not complete and may be changed. Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Funds Distributors, LLC, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited and Guggenheim Partners India Management. Vintage Capital Management LLC. Liberty Tax's online services are available through eSmart Tax, Liberty Online and DIY Tax, and are all backed by the tax professionals at Liberty Tax locations and its nationwide network of seasonal tax preparers. About The Vitamin Shoppe, Inc. (NYSE:VSI) This is a continuation of Liberty Tax’s strategy of identifying and acquiring franchised or franchisable businesses while also building scale at attractive acquisition valuations. These transactions are intended as the first step in … These transactions are intended as the first step in … Liberty Tax is focused on the evaluation and acquisition of franchise-oriented or complementary businesses. Liberty Global Transaction Solutions (GTS) is one of the largest global mergers and acquisitions (M&A) insurance teams in the industry. Liberty Tax, Inc. (OTC PINK: TAXA) is the indirect parent company of Liberty Tax Service and Buddy's Home Furnishings and expects to acquire Vitamin Shoppe in the third or fourth quarter of 2019. Mumbai: The UK based Liberty group has acquired the bankrupt 0.25 million tonne SBQ Steels, culmulating a three year process in which the company was put into liquidation after inital efforts to sell it failed. Liberty Tax’s acquisition of the 41 Buddy’s Home Furnishings stores from A-Team Leasing was financed, in part, through approximately $23 million of additional borrowings under the existing secured credit facility of Buddy’s. These documents may also be obtained free of charge from Liberty Expedia by requesting them by mail at Liberty Expedia Holdings, Inc., 12300 Liberty … Form SC 13D/A (Filed by) SEC.report. On a combined basis, Franchise Group currently operates over 4,400 locations predominantly located in the U.S. and Canada that are either Company-run or operated pursuant to franchising agreements. These statements are subject to various significant risks and uncertainties, many of which are outside of the control of Sears Hometown and Liberty Tax, including, among others, the risk that the proposed transaction may not be completed in a timely manner or at all, which may adversely affect the business and the stock price of Sears Hometown and/or Liberty Tax; risks related to the occurrence of any event, change or other circumstance that could give rise to the termination of the purchase agreement or the failure to satisfy any of the conditions to the completion of the proposed transaction; the calculation of Net Proceeds under the Merger Agreement and any adjustment to the merger consideration under the Merger Agreement as a consequence thereof; the effect of the announcement or pendency of the proposed transaction on the ability of Sears Hometown or Liberty Tax to retain and hire key personnel and maintain relationships with its customers, suppliers, partners and others with whom they do business, or on their respective operating results and business generally; risks associated with the diversion of management's attention from ongoing business operations due to the proposed transaction; legal proceedings related to the proposed transaction; uncertainties as to Liberty Tax's ability to obtain financing in order to consummate the proposed transaction; costs, charges or expenses resulting from the proposed transaction; the franchising of the Sears Outlet business, including to A-Team Leasing; and the ability of Liberty Tax to implement and execute on its franchise-centric business model. Liberty Tax’s acquisition of Buddy’s was consummated concurrently with the execution of the definitive documentation. User Account. Password. Liberty Tax, Inc. Form SC 13D/A. “Following a careful and disciplined assessment, the board of directors has concluded that the acquisition proposal from Liberty Tax maximizes value for our shareholders. Here are highlights of the deal. Liberty Tax, Inc. To Acquire Outlet Business From Sears Hometown And Outlet Stores, Inc. PR Newswire VIRGINIA BEACH, Va. and HOFFMAN... 27/11/2019 00:11:37 Cookie Policy +44 (0) 203 8794 460 Free Membership Login Actual results may differ materially from anticipated results or outcomes discussed in any forward-looking statement. Sign in. Liberty Tax also supports local communities with fundraising endeavors and contributes as a national sponsor to many charitable causes. More than 90% of its Hometown Stores are operated by independent local dealers or franchisees. You may obtain copies of all documents filed with the SEC regarding the merger, free of charge, at the SEC’s website, http://www.sec.gov, or from Sears Hometown by directing a request by mail or telephone to Sears Hometown and Outlet Stores, Inc. at 5500 Trillium Boulevard, Suite 501, Hoffman Estates, Illinois 60192, telephone (847) 286-7000, Attention: General Counsel. Forward-looking statements speak only as of the date when made and neither Sears Hometown nor Liberty Tax undertakes any obligation to update these statements in light of subsequent events or developments. The parent of Liberty Tax Service has agreed to buy Sears Hometown's Outlet Stores unit in a cash deal valued at $132.9 million, the companies said in a … Liberty Tax is buying the Sears Outlet business and the remaining Buddy’s Home Furnishings stores it hasn’t already acquired for about $132.9 million in cash. (RTTNews) - Liberty Tax, Inc. (TAXA.PK) has agreed to acquire Sears Hometown's (SHOS) Outlet business, and its Buddy's Home Furnishings Stores for approximately $132.9 … This unique portfolio of Sears Outlet retail stores and distribution capabilities will add complementary products and sales channels and enable Liberty Tax to offer high quality home goods to consumers across the nation, while also offering unique value propositions. Liberty Tax is focused on the evaluation and acquisition of franchise-oriented or complementary businesses. Liberty Tax, Inc. Form SC 13D/A. Liberty Tax Announces Receipt of Unsolicited Acquisition Proposal and Commencement of Strategic Alternative Review November 28, 2018 VIRGINIA BEACH, Va., Nov. 28, 2018 (GLOBE NEWSWIRE) -- Liberty Tax, Inc. (OTC PINK: TAXA) ( Liberty Tax or the Company ), the parent company of Liberty Tax Service, today announced that it has received an unsolicited and non-binding proposal from an … This was one of three possible actions to ensure federal approval of AT&T's $54 billion acquisition of MediaOne Group—the others were selling its 25.5% share of Time Warner Entertainment and dropping 11.8 million cable customers. The Vitamin Shoppe is being acquired by Virginia Beach, Virginia-based Liberty Tax Inc. for $208 million, the Secaucus-based nutritional products announced Thursday. Its Hometown stores (which includes its Hometown Stores, its Hardware Stores, and its Home Appliance Showrooms) are designed to provide its customers with in-store and online access to a wide selection of national brands of home appliances, tools, lawn and garden equipment, sporting goods and household goods, depending on the particular format. Form SC 13D/A Liberty Tax, Inc. [Amend] General statement of acquisition of beneficial ownership. In the U.S. and Canada, last year, Liberty Tax prepared approximately two million individual income tax returns in more than 3,100 offices and online. About Sears Hometown and Outlet Stores, Inc. Sears Hometown and Outlet Stores, Inc. is a national retailer primarily focused on selling home appliances, hardware, tools and lawn and garden equipment. Virginia Beach-based Liberty Tax is reviewing an acquisition proposal from an unaffiliated private equity fund, according to a company filing with the SEC. The acquisition of Sears Outlet is an important step forward in the evolution of Liberty Tax's strategic objectives, as it follows the July 2019 acquisition of Buddy's Home Furnishings and the proposed acquisition of The Vitamin Shoppe, Inc. ("Vitamin Shoppe") announced earlier in August. Both the Sale and the terms of the Purchase Agreement have been unanimously approved by the Boards of Directors of both Liberty Tax and Sears Hometown, and have also been approved by the Special Committee of the Sears Hometown Board of Directors. And with 3000+ locations, our fast, friendly, and guaranteed accurate tax preparation services are right around the corner. Liberty Tax and Buddy’s will operate as stand-alone businesses with separate management teams. Liberty Tax said the acquisition of Sears Outlet is an important step forward in the evolution of the company's strategic objectives. Liberty Tax’s acquisition of the 41 Buddy’s Home Furnishings stores from A-Team Leasing was financed, in part, through approximately $23 million of additional borrowings under the existing secured credit facility of Buddy’s. More than 90% of its Hometown Stores are operated by independent local dealers or franchisees. November 19, 2020 07:20 AM Eastern Standard Time. “Following a careful and disciplined assessment, the board of directors has concluded that the acquisition proposal from Liberty Tax maximizes value for our shareholders. Liberty Tax acquired Buddy’s Home Furnishings in July and is in the process of acquiring The Vitamin Shoppe for approximately $208 million. Guggenheim focuses on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Additional Information and Where to Find It. Search / Go. Upon the closing of the Sale, Liberty Tax’s store portfolio will include several hundred retail locations with a combination of company operated and franchisee operated stores. Liberty Tax, Inc. (OTC PINK: TAXA) is the indirect parent company of Liberty Tax Service and Buddy’s Home Furnishings and expects to acquire Vitamin Shoppe in the third or fourth quarter of 2019. The Vitamin Shoppe transaction represents the continued evolution of the business model of Liberty Tax, and follows the recent acquisition of Buddy’s Home Furnishings, which was completed in July 2019. The actual increase, if any, in the per share base merger consideration in the merger transaction with Transform is dependent on the actual amount of Net Proceeds realized by Sears Hometown in the Sale, which may be lower than the current estimate. This communication is being made in respect of the proposed Sale and the separately proposed merger involving Sears Hometown and Transform. Liberty Tax has not set a definitive timetable for completion of its evaluation and there can be no assurance that this process will lead to the approval or completion of any transaction. Companies; Documents; Forms; Alerts; Stock Ticker Lookup. Login below to access Liberty Tax Secured Systems. Companies; Documents; Forms; Alerts; Stock Ticker Lookup. SEC.report. Guggenheim focuses on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. In connection with the execution of the purchase agreement, Liberty Tax entered into a debt commitment letter with Guggenheim Credit Services, LLC, as administrative agent and lead arranger, and clients managed by Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, and an equity commitment letter with an affiliate of Vintage, each of which is subject to customary conditions. The forward-looking statements are based upon the current beliefs and expectations of the managements of Liberty Tax and Sears Hometown and should be read in conjunction with the other cautionary statements, including "Risk Factors" that are included in SEC filings by Liberty Tax and Sears Hometown. 1 Guggenheim Investments assets under management figure is as of 6.30.2019 and includes $11.2 billion of leverage. Additional factors that could cause actual results to differ materially from forward-looking statements include the strength of the economy; changes in the overall level of consumer spending; the performance of the products and services of Sears Hometown and Liberty Tax within the prevailing retail or other business environment; implementation of the strategy of Sears Hometown and Liberty Tax; management changes; maintaining appropriate levels of inventory; changes in tax policy; ecommerce relationships; disruptions of repair and distribution facilities or information systems; other specific factors discussed herein and in other United States Securities and Exchange Commission (the "SEC") filings by Sears Hometown and Liberty Tax (including their respective reports on Forms 10-K and 10-Q filed with the SEC). In areas that are often complex and underfollowed actual results may differ materially from anticipated results or outcomes in... 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