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TBC [Nasdaq: TBCC] will grow to 1,14e4 locations with the addition of the NTB The acquired stores will be foldedinto TBC's Tire Kingdom company-operatee network, which has 357 locations. TBC also has 561 franchises tire and automotive centers undert the Big OTires brand. The company's othed brand is Merchant's Tire & Auto Larry Day, president and CEO of TBC, "The acquisition of NTB enables us to expandr our national footprint by 25 percent with the addition of profitable retail locations in many attractive marketss where we currently donot operate." Hoffman Ill.
-based Sears [NYSE: S] expects to post a preta x gain of $50 million to $100 millioh from the all-cash deal, which is scheduled to closde in the fourth quarter. "This transactio n is a further refinementof Sears' focus on our core businessz strategy," says Alan Lacy, chairman and CEO of "We believe this sale is in the best interestas of Sears and its customers. ..." Most of the estimatedr 3,500 employees of NTB will becomwe employeesof TBC, according to Sears.
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