| Deal Description | W. T. Grant Company added the net proceeds from this transaction to its general funds, to be used for additional inventory and other working capital requirements, including such requirements resulting from further store expansion. During the previous five years, the company's expansion program was directed principally to new shopping center stores so as to take advantage of the growth of the suburban market. These stores were located, for the most part, in medium-sized centers, where the best opportunities for profitable operation existed. |
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