"#TrueValue found a #PrivateEquity firm to take a majority stake in the company on Thursday in a shift away from the hardware company’s cooperative structure. ... The Acon deal must earn the support of half of True Value’s member retailers in a vote at an upcoming special shareholder meeting on April 13. If it goes through, the deal is expected to close near April 18."

😡

https://www.bizjournals.com/chicago/news/2018/03/15/true-value-strikes-deal-with-private-equity-firm.html #demutualization #coop #coops #purchasingcoop