Reports: Big Lots Considering Possible Sale

       

       

COLUMBUS, Ohio–Big Lots is exploring a possible sale of the company, among other alternatives, according to press reports from a number of sources.

Press reports said the retailer has been approached by Thomas H. Lee Partners, former owner of Simmons, and Bain Capital about a potential sale. Big Lots has been working with Goldman Sachs on “strategic options,” according to the reports. The speculation apparently fueled a 15.6 percent spike in Big Lots’ stock price yesterday, to $39.20 at closing, in trading on the New York Stock Exchange.

Tim Johnson, vice president of strategic planning and investor relations, said Big Lots would not comment on the speculation.

Posted in News, Retail.

Last updated: February 8, 2011