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Stock Market & Financial Investment News

News Breaks
December 21, 2012
11:31 EDTTJXTJX acquires Sierra Trading Post for $200M
TJX Companies announced that it has acquired Sierra Trading Post, an off-price Internet retailer based in Cheyenne, Wyoming. The purchase price of approximately $200M, which is subject to customary post-closing adjustments, was paid in cash and financed from TJXs existing cash balances. TJX expects that this transaction will be slightly accretive to earnings beginning in fiscal 2014, but that this impact will not be material to TJXs consolidated financial statements.
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