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Market
Primary financial outcome for Do it Best Corp from acquiring True Value by end of 2025?
2
Resolution / Starting Odds
Increased revenue • 25%
Decreased revenue • 25%
Increased profit margins • 25%
Decreased profit margins • 25%
Annual financial reports of Do it Best Corp or analysis by financial analysts
Story
75-Year-Old True Value Declares Bankruptcy, Sells Business to Do it Best for $153 Million
Oct 14, 2024, 06:06 PM
True Value, a 75-year-old hardware wholesaler, has declared bankruptcy and entered into an agreement to sell substantially all of its business operations to home improvement industry peer Do it Best Corp. The sale agreement, valued at $153 million, follows True Value's Chapter 11 bankruptcy filing on Monday morning. The company aims to restructure and streamline its operations through this acquisition by its rival.
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Similar markets
Significant growth • 25%
Moderate growth • 25%
No growth • 25%
Decline • 25%
Sale completed • 25%
Sale delayed • 25%
Sale canceled • 25%
Other outcome • 25%
Increase • 25%
Decrease • 25%
No change • 25%
Other outcome • 25%
Yes • 50%
No • 50%
Less than 20% • 33%
20% - 50% • 33%
More than 50% • 33%
Successful restructuring and exit from Chapter 11 • 25%
Partial restructuring with ongoing Chapter 11 proceedings • 25%
Sale of major assets or brands • 25%
Liquidation • 25%
Significant improvement in financial performance • 25%
Moderate improvement • 25%
No improvement • 25%
Worsening financial performance • 25%
Expansion of retail locations • 25%
Focus on digital transformation • 25%
Cost-cutting measures • 25%
Other strategic focus • 25%
