Retro Librarian · @LibrarianRA
2663 followers · 1269 posts · Server worldkey.io
Andy Goulet · @ajgoulet
159 followers · 102 posts · Server musicians.today
Josh Davis · @GuerillaOntologist
440 followers · 5746 posts · Server social.coop

Here's the PR from management about the benefits of demutualization:
inddist.com/news/2018/03/true- social.coop/media/QRVazFDuOWk4

Every benefit listed, except the first, is simply a benefit the co-op already provides. Also, I don't see any mention of keeping their low-interest loan program or their start-up assistance, among other services currently offered, so I guess they'll be giving those the ax...if they get their way.

#truevalue

Last updated 7 years ago

Matt Cropp 🌲🌲 · @mattcropp
2100 followers · 7922 posts · Server social.coop

God, this is so disingenuous:

“I am very excited that this deal would release nearly a quarter-billion in money back to our members that is untouchable by them today without changing any of the fundamental relationships they have with the company,” Hartmann says. “What you expect from us today is what we will deliver to you tomorrow, but you can have your money back to do what’s right for your business."

hardwareretailing.com/exclusiv

#truevalue #savetruevalue

Last updated 7 years ago

Matt Cropp 🌲🌲 · @mattcropp
2100 followers · 7922 posts · Server social.coop
Matt Cropp 🌲🌲 · @mattcropp
2100 followers · 7922 posts · Server social.coop

" found a 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."

😡

bizjournals.com/chicago/news/2

#truevalue #privateequity #demutualization #coop #coops #purchasingcoop

Last updated 7 years ago