M&A Deal Summary

Kmart Acquires Borders Group

On January 1, 1992, Kmart acquired retailer Borders Group

Acquisition Highlights
  • This is Kmart’s 3rd transaction in the Retail sector.
  • This is Kmart’s 3rd transaction in the United States.
  • This is Kmart’s 1st transaction in Michigan.
Investment Fate
  • Borders Group was sold to a strategic buyer in 1995.
  • Borders Group was sold to a strategic buyer in 2011.

M&A Deal Summary

Date 1992-01-01
Target Borders Group
Sector Retail
Buyer(s) Kmart
Deal Type Add-on Acquisition

Target

Borders Group

Ann Arbor, Michigan, United States
Borders Group, Inc. is a national chain of bookstores.

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Buyer(S) 1

Buyer

Kmart

Troy, Michigan, United States

Category Company
Founded 1899
Sector Retail
DESCRIPTION

Kmart operates a chain of discount department stores. The Company was originally founded in 1899 and is headquartered in Troy, Michigan.


DEAL STATS #
Overall 3 of 3
Sector: Retail M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: Michigan M&A 1 of 1
Country: United States M&A 3 of 3
Year: 1992 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1990-01-01 The Sports Authority

Englewood, Colorado, United States

The Sports Authority, Inc. is a provider of full-line sporting goods retailers offering a comprehensive high-quality assortment of brand name sporting apparel and equipment at competitive prices. The company operates over 400 stores in 45 states. The Sports Authority, Inc. was formed in 1928 and is based in Englewood, Colorado.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 The Sports Authority

Englewood, Colorado, United States

The Sports Authority, Inc. is a provider of full-line sporting goods retailers offering a comprehensive high-quality assortment of brand name sporting apparel and equipment at competitive prices. The company operates over 400 stores in 45 states. The Sports Authority, Inc. was formed in 1928 and is based in Englewood, Colorado.

Sell -