In 1997 he received an offer from Kmart retail buyout specialist Leonard Green & Partners to buy its ailing 162-store chain of home improvement, construction area. Green's proposal includes $ 10 million in cash, an order to buy 28% stake in the new company in the future, and the assumption of approximately $ 1.5 billion in construction area noncancelable lease obligations.
kmart case
study solution" width="288" height="288" /> kmart case study solutionKmart will be potentially liable for the lease payments if the new person were to fail. In the midst of a competitive home improvement retailer, issues include (1), which is the construction area support?, (2), Green offer a good deal for Kmart?, And (3) Kmart accept the proposal or hold above suggestions or proposals? "Hide
by Lisa Meulbroek, Jonathan Barnett Source: Harvard Business School 25 pages. Publication Date: Feb 03, 2000. Prod. #: 200044-PDF-ENG
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