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Non-Tech : Mergers anyone hear of rumors

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To: Bram12345 who wrote (13)6/25/1997 8:42:00 AM
From: Lee W. Rath   of 16
Check out this clip from the following news article:

"In April, Waban and Kmart Corp(KM - news) called off talks to merge HomeBase with Kmart's Builders Square division.
Under the deal, Leonard Green & Partners LP, an investment banking firm, was to be the chief stockholder in the new

Kmart declined to say whether it was considering a combination with Hechinger. The company has continued working with
Leonard Green to sell Builders Square, although it would disclose any possible suitors, said spokesman Robert Burton. "

My friend has also told me to keep an eye out for the name Leonard Green, because he is a major shareholder of KM... here we go ... what about this? What if Green is buying Builder's Square from KM and is buying Hechinger's as well? Or maybe he will help KM buy Hechingers, then buy Builder's Square and Hechingers from KM?

I also wonder how strong the possibility is that Sears is really the main suitor. My friend told me they were out of the picture at this point. We're now down to 2 1/8 ... I'm definitely in under $2!
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