Linens ‘n Things Agrees to Buyout

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Home accessories retailer Linens ‘n Things Inc. on Tuesday said it agreed to be acquired by a company formed by Apollo Management LP in a deal worth about $1.3 billion.


Under the agreement, shareholders will receive $28 in cash for each share of Linens ‘n Things, a 6 percent premium to its closing price of $26.40 on Monday.


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