Lucky Stores’ tender offer was oversubscribed.
- Share via
Shareholders tendered 48,497,000 shares, about 92% of the total outstanding, but Lucky will accept for payment only 14,375,000 of the shares tendered before the offer expired Dec. 23. Also, Moody’s Investors Service downgraded Lucky’s debt ratings because of the much higher leverage that will result from the share repurchase.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
