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Charming Shoppes Issues Statement, Offers Reward Following Shooting

BY CSA STAFF

Bensalem, Pa. Charming Shoppes on Sunday issued a statement following the fatal shooting at its Lane Bryant store in Brookside Marketplace, Tinley Park, Ill.

The store manager and four customers were shot and killed inside the store in what authorities said appeared to be a botched robbery. Police were searching for a lone gunman spotted outside the store by a witness, but said they had not identified him.

“The employees of Charming Shoppes, Inc. and Lane Bryant are deeply saddened by the loss of life resulting from this horrific event,” Charming Shoppes said in the statement. “We grieve for the innocent victims and our primary concern at this time is for the families and loved ones of those fatally injured.”

The company said that it is woking with the local authorities who have launched a full investigation of the incident. Charming Shoppes has offered a reward in the amount of $50,000 to assist the authorities in their investigation.

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O’Reilly Automotive looks to buy CSK Auto

BY CSA STAFF

SPRINGFIELD, Mo. O’Reilly Automotive said today that it has expressed interest in acquiring all of the outstanding shares of CSK Auto common stock for $8.00 per share in cash. The transaction is valued at approximately $845 million, which includes the assumption of about $490 million of CSK debt.

According to O’Reilly Automotive, the proposal represents a 34% premium over CSK’s closing stock price on Thursday, Jan. 31, as well as a 63% premium over the average trading stock price for CSK over the last thirty days.

“The benefits of our proposed transaction are very compelling and offer significantly more security to CSJ stockholders, creditors, suppliers and partners than CSK on a standalone basis,” O’Reilly ceo Greg Henslee said in a letter to CSK ceo Lawrence Mondry.

Henslee went on to detail how the merger would create the third largest auto parts retailer in the country. “Building upon the foundation of CSK’s Western presence and O’Reilly’s Midwestern and Southeastern presence, the combined company would be positioned to further leverage O’Reilly’s very effective dual-market strategy,” Henslee said.

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New DeCA site focuses on good health

BY CSA STAFF

FORT LEE, Va. The Defense Commissary Agency has revamped its Web site once again, this time with a focus on diet and nutrition.

The new DeCA site features the “Ask the DeCA Dietitian” section, a nutrition forum hosted by Army Reserve Maj. Karen Fauber, a registered dietitian. According to DeCa, customers can use the forum to exchange questions, comments and experiences on nutrition topics with the DeCA dietitian and other users.

Customers looking for recipe ideas will find them on the new site in the “Kay’s Kitchen” section, which provides easy and nutritional recipes.

 

The site also informs customers of sales through its “Savings Aisle” section, which also provides links to Internet coupons.

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