четверг, 15 марта 2012 г.

Carson's, Younkers In Retail Stand-off

It is not exactly a battle of titans.

But the hostile takeover fight between Carson Pirie Scott & Co.and Younkers Inc. is shaping into one of the longest sieges in recentcorporate history. And neither side seems willing to retreat.

On the one side is Carson's, the Milwaukee-based retailerformerly known as P.A. Bergner & Co., which acquired Carson's, wentinto bankruptcy and has emerged as a stronger player with 51 stores.

On the other is a 53-store Des Moines-based institution thatalso took on an acquisition it couldn't handle, saw its profits slumpand recently has been reinvigorated.

In theory, the combination would be solid because the two …

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