Thursday, September 02, 1999
TRISTATE MARKET SPOTLIGHT
Limited's sell-off pushes up stock
Limited Inc. rose $1.25, or 3.3 percent, to $39.121/2 Wednesday. The Columbus-based company traded as high as $39.311/4.
The largest U.S. clothing retailer sold a 60 percent stake in its Galyan's Trading Co. sporting-goods unit and some related real estate for $190 million so it can focus on its Express, Structure and other chains.
The majority stake was sold to a fund managed by investment firm Freeman Spogli & Co.
Limited owns the remaining 40 percent of Galyan's, a chain of 18 sports superstores that generated $220 million in sales last year.
Some don't believe buzz on Beanies
'Must-have' toys of yesteryear
P&G expands in S. Korea to supply products in Asia
TRISTATE BUSINESS SUMMARY
INDUSTRY NOTES: REAL ESTATE
COMMERCIAL REAL ESTATE
Armco locks out employees
Economic index climbs again
H&R Block buying Olde discount broker
TRISTATE MARKET SPOTLIGHT
