Western Auto Sold by Skogmo to Beneficial Finance
Gamble Skogmo Inc. announced the sale of its controlling stake in Western Auto Supply Co. to Beneficial Finance for 51 million dollars. The deal includes shares held by B C Gamble and the Gamble Skogmo Profit Sharing Trust, with 45 million allotted for his 41.8 percent stake. Gamble says the move avoids a drawn out antitrust fight and will fund expansion in the United States and Canada.
MENTIONED IN THIS ARTICLE
Minneapolis
Gamble - Skogmo Inc
Western Auto Supply Co
Beneficial Finance Co
Gamble - Skogmo
Western Auto
Kansas City
Beneficial Finance
Delaware
B. C. Gamble
General Motors
Gamble
Gamble-Skogmo
United States
Canada
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