Alco Stores http://kmuw.org en Alco Agrees To Merger With Atlanta Investment Firm http://kmuw.org/post/alco-agrees-merger-atlanta-investment-firm <p>Discount retailer Alco Stores Inc. has entered into an agreement to merge with private investment firm Argonne Capital Group LLC.&nbsp;</p><p>The Kansas-based company<a href="http://www.alcostoresinc.com/press_releases/257.pdf"> said in a news release today</a> that Atlanta-based Argonne will buy all outstanding shares of Alco Stores' common stock for $14 per share in cash. The transaction will total about $47 million dollars.</p><p>Alco's Board of Directors has unanimously approved the merger agreement and is recommending that shareholders approve it.</p> Thu, 25 Jul 2013 18:43:37 +0000 Associated Press 20953 at http://kmuw.org