Department store chain Allders is being taken over in a £158m deal with retail veteran Terry Green.
The group agreed a cash offer from Scarlett Retail, which is owned by property group Minerva, City firm Lehman Brothers and a management team comprising Mr Green and Phil Cox.
Scarlett offered £131.9m - or 160p per share - and will also take on net debt of £26.4m, making the deal worth a total of £158.3m.
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