Wickes Cos. Plans Sale of $600 Million in Notes
Wickes Cos. of Santa Monica has filed notice with the Securities and Exchange Commission to sell at least $600 million in notes.
Those funds, along with about $300 million from its planned divestitures, will be used to finance a major acquisition, the company said.
No talks with takeover targets are under way, said Wickes spokeswoman Ann Julsen.
She declined say in what areas Wickes is seeking an acquisition.
Wickes announced March 20 that it is restructuring itself into three divisions--lumber, building materials and home furnishings; apparel and hosiery and manufacturing of auto and truck parts and electronic components.
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