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Big Lots snaps up Liquidation World

from The Globe and Mail

Big Lots will pay about $1.8-million in cash for the Liquidation World stock, obtaining the chain's 92 stores in the process. It will also make good on the company's debts and "normaliz(e) the working capital needs" of Liquidation World — two tasks that it estimates will bring its total investment to $36-million. more

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