Is True Value on the block?
A Bloomberg report on Monday had the industry talking, raising the prospect of a sale for True Value Company. According to sources who spoke to Bloomberg and asked not to be identified, the co-op is currently in talks with an investment bank and is, for better lack of terms, exploring its options. And it may be considering a sale that would value the company at $800 million.
The sources also said that private equity firms are likely to get involved, but that there’s no final decision yet.