-
American Stores founder Sam Skaggs dies at 89
SALT LAKE CITY — American Stores founder Sam Skaggs died of natural causes at his home Thursday, according to a report in the Salt Lake Tribune. He was 89 years old.
Retail pharmacy was the family business. Skaggs was the grandson of Safeway founder Marion Skaggs. And his father, Leonard Skaggs, operated PayLess Drug Stores since 1939.
-
More than $209 million of Target debentures tendered, company says
MINNEAPOLIS — About $209.3 million worth of Target Corp.'s debt has been put up for sale as the company moves to refinance $679 million worth of debt due between 2028 and 2031, the mass merchandise retailer said.
Target announced plans to purchase $170 million in 6.75% debentures due 2028, $154.9 million in 6.65% debentures due 2028 and $354 million in 7% debentures due 2031.
The company said the $209.3 million tendered so far represented 20.31%, 25.22% and 38.32% of the totals of the three respective security titles.