Best and Less: A Bid for Retailers

711 owners have begun talks on selling that business. The Withers and the Barlow families said the time is right to review options. Retailers Blundie and Ray Itaowee apparently lobbed a bid for Best and Less at $1.89 a share. Private equity group Allegro funds owns 32% of Best and Less according to the fin. Also selling is Chair Jason Murray, who owns 8%. So, I said 32% plus 8% to 40%, you're at about 56%.