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<blockquote data-quote="klein" data-source="post: 887843" data-attributes="member: 23950">Moreluck, go to the dollar store - I need your money to retire !CPP investment board takes stake in U.S. dollar stores in deal worth US$1.6BThe Canadian Press, On Tuesday October 11, 2011, 9:04 am By The Canadian Press TORONTO - The Canada Pension Plan Investment Board is partnering with U.S.-based merchant bank Ares Management to buy U.S.-based retail discount chain 99 cent Only Stores (NYSE:NDN) in a deal worth US$1.6 billion.The investment wing of the Canada Pension Plan says it has agreed to team up with New York-based Ares to buy the chain, which has 289 stores in California, Texas, Arizona and Nevada.The group will pay $22 per share in cash for New York Stock Exchange-listed 99 cent Only Stores, a premium of about 32 per cent to its closing share price on Friday.The investment board did not say how much of the total price it will be paying, nor the size of the stake it will be taking in 99 cent Only Stores.The CPPIB invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 17 million Canadian contributors and beneficiaries</blockquote>

[QUOTE="klein, post: 887843, member: 23950"] Moreluck, go to the dollar store - I need your money to retire ! [B]CPP investment board takes stake in U.S. dollar stores in deal worth US$1.6B[/B] The Canadian Press, On Tuesday October 11, 2011, 9:04 am By The Canadian Press TORONTO - The Canada Pension Plan Investment Board is partnering with U.S.-based merchant bank Ares Management to buy U.S.-based retail discount chain 99 cent Only Stores (NYSE:NDN) in a deal worth US$1.6 billion. The investment wing of the Canada Pension Plan says it has agreed to team up with New York-based Ares to buy the chain, which has 289 stores in California, Texas, Arizona and Nevada. The group will pay $22 per share in cash for New York Stock Exchange-listed 99 cent Only Stores, a premium of about 32 per cent to its closing share price on Friday. The investment board did not say how much of the total price it will be paying, nor the size of the stake it will be taking in 99 cent Only Stores. The CPPIB invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 17 million Canadian contributors and beneficiaries [/QUOTE]

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