OPERATIONS

Lumber Liquidators board member Tadler to step down

BY Staff Writer

Toano, Va. — Hardwood flooring retailer Lumber Liquidators said Wednesday that Richard D. Tadler will be stepping down from the board of directors, effective June 30.

Tadler joined the board in 2004 when TA Associates, the private equity firm of which he is a managing director, originally invested in the company.

TA Associates divested its interest in Lumber Liquidators in 2009, leading to Tadler’s decision to step down.

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OPERATIONS

Cardtronics to acquire EDC ATM and Efmark Deployment

BY Katherine Boccaccio

Houston — ATM owner Cardtronics said Tuesday that its USA subsidiary will acquire EDC ATM Subsidiary, LLC and Efmark Deployment I, for approximately $145 million.

The transaction doubles Cardtronics ATM placements in multiple states, giving the company about 3,700 ATMs, as well as numerous ATM placement agreements with high-traffic U.S. retailers and ATM branding contracts with some of the country’s largest financial institutions.

“This acquisition would enhance Cardtronics’ reach in more geographic regions across the U.S. and would expand our relationships in the important convenience store market,” said Steve Rathgaber, CEO, Cardtronics.

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Wal-Mart women vow to continue bias fight

BY Staff Writer

Washington, D.C. — A Bloomberg report on Tuesday said that the women who sought to sue Wal-Mart Stores for gender bias on behalf of 1.5 million co-workers said they will continue the fight in smaller lawsuits in lower courts and claims with the U.S. Equal Employment Opportunity Commission.

The U.S. Supreme Court on Monday said the women failed to prove that Wal-Mart had a nationwide policy that led to gender discrimination, precluding a class action and forcing the plaintiffs to pursue claims on their own.

Wal-Mart may now face thousands of lawsuits and discrimination claims as the plaintiffs launch new complaints.

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