Bid filed to buy Dairy Mart stores

        A Canadian company filed an $80 million bid Thursday to acquire the majority of bankrupt Dairy Mart's 450 locations.

        The bid by Alimentation Couche-Tard Inc. of Quebec will open up an auction for Hudson, Ohio-based Dairy Mart Convenience Stores Inc. and must be approved by the U.S. Bankruptcy Court in New York.

        Couche-Tard is Canada's leading convenience-store operator with 1,939 stores. It also operates Bigfoot stores in the Midwestern United States.

        The 43-year-old Dairy Mart operates stores in Ohio, Indiana, Kentucky, Michigan and Pennsylvania and has shrunk from 1,400 stores to about 450 in recent years. It filed for Chapter 11 bankruptcy protection in September, listing $220.7 million in debt and assets of $190.7 million.
       

Intelliseek buys company's assets

        Intelliseek, a Cincinnati company that gathers business intelligence for clients, has bought the technology assets of an information-retrieval company in Dallas.

        Like Intelliseek, Coreintellect Inc. is privately owned and backed by venture capitalists. The technology it sold to Intelliseek is used for gathering, filtering, indexing and summarizing competitive intelligence.

        Intelliseek would not say how much it paid for the Coreintellect technology, only that Coreintellect poured about $13 million into product development over two years.

— From staff and wire reports

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