Goody’s Agrees to Higher Offer

Knoxville, Tenn., Goody's Family Clothing agreed to be acquired for $9.60 per share by two buyout firms after a bidding war erupted between three potential buyers. The winning bid went to GMM Capital LLC and Prentice Capital Management LP, after Goody’s based in Nashville, ended a previous agreement with Sun Capital and its offer of $8 per share.

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