I love it when I eat something so hot that I get a little high from it, or start to hallucinate just a little. I want to sweat and pant as I eat. It may seem sadomasochistic to you, but it’s my kind of fun.
Discount retailer Alco Stores Inc. has entered into an agreement to merge with private investment firm Argonne Capital Group LLC.
The Kansas-based company said in a news release today 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.
Alco's Board of Directors has unanimously approved the merger agreement and is recommending that shareholders approve it.
The company said in a news release Thursday that this is a "strategic move to make the company more competitive in a cost-sensitive environment." It says the reductions are designed to "reduce overhead costs, increase efficiency, and drive improved performance."
Federal prosecutors have charged three people in a sex trafficking scheme operating at nine Asian massage parlors in Wichita; the charges allege they recruited women from outside Kansas and coerced them to engage in prostitution.
During President Barack Obama’s recent trip to Africa, he made a stop in the West African nation of Senegal. Traditionally, the U.S. press corps’ coverage of Africa has tended to focus on military coups, religious and ethnic conflicts, and the AIDS epidemic. Because of this, Senegal, a former French colony, has fallen through the cracks of American media scrutiny.