True Value Files for Bankruptcy
This is a Chicago news story, published by CBS News, that relates primarily to True Value news.
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True ValueCBS News
•True Value declares Chapter 11 bankruptcy and lines up sale to Do it Best
76% Informative
Chicago -based True Value filed for Chapter 11 protection from its debts.
Most of the privately held retailer's assets will be acquired by rival Do it Best.
Individual True Value stores, which are independently owned, are not part of the bankruptcy.
True Value operates as a member-owned wholesaler cooperative that sell its products mostly to hardware sellers.
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