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Outpost.com Switches to Fry's Electronics

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Outpost.com Switches to Fry's Electronics -- Three months after Outpost.com announced it would be acquired by PC Connection, that merger has fallen through due to too-low total revenues for the months of June, July, and August of 2001 (see "Outpost.com Acquired by PC Connection" in TidBITS-582). Now Outpost.com will be acquired by Fry's Electronics, a privately held Silicon Valley retail electronics store that has expanded throughout California and into Oregon, Texas, and Arizona. Fry's will pay $0.25 per share in cash for Outpost.com, plus loan the company up to $13 million to repay loans from PC Connection and provide working capital. Outpost.com will continue to operate under its own name and from its existing facilities. [ACE]

<http://db.tidbits.com/article/06447>
<http://finance.lycos.com/home/news/story.asp? story=24541083>
<http://www.outpost.com/>
<http://www.frys.com/>

 

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