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TBC [Nasdaq: TBCC] will grow to 1,144 locationx with the addition of theNTB stores. The acquirefd stores will be foldedinto TBC'zs Tire Kingdom company-operated network, which has 357 locations. TBC also has 561 franchisedd tire and automotive centers under the Big OTirea brand. The company's other brand is Merchant'zs Tire & Auto Centers. Larry Day, presidentg and CEO of TBC, says: "The acquisition of NTB enables us to expanfd our national footprint by 25 percent with the additiomnof strong, profitable retail locations in many attractivew markets where we currently do not Hoffman Estates, Ill.
-based Sears [NYSE: S] expects to post a pretac gain of $50 million to $100 million from the all-cash which is scheduled to closre in the fourth quarter. "This transaction is a further refinementof Sears' focus on our core business says Alan Lacy, chairman and CEO of "We believe this sale is in the best interests of Searw and its customers. ..." Most of the estimatedx 3,500 employees of NTB will become employeesof TBC, accordingh to Sears.
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