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Coppell, Texas – Alco Stores, Inc. will voluntarily delist its common stock from the Nasdaq Stock Market on or about Oct. 31, 2013. The delisting of the company's shares is subject to stockholder approval of the proposed merger with an affiliate of Argonne Capital Group, LLC.
The proposed merger was previously announced on July 25, 2013, and a special meeting of stockholders is scheduled for Oct. 30, 2013. If the company's stockholders vote to approve the proposed merger, Alco anticipates consummating the merger on or about Oct. 31, 2013. If the proposed merger is consummated, Alco will become a wholly-owned subsidiary of an affiliate of Argonne and the company's common stock will cease to be publicly traded.