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Non-Tech : CompUSA (CPU)

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To: SG who wrote (3183)	3/1/2000 12:39:00 PM
From: Slugger	Read Replies (1) of 3187

Bye, bye CPU... Sanborns Acquires 75 Percent of CompUSA March 1, 2000 DALLAS (Reuters) - Mexican retail group Grupo Sanborns (GSANBORB1.MX) on Wednesday said its affiliate has acquired 75 percent of the outstanding shares of CompUSA Inc. (CPU.N) as part of a tender offer announced in late January. The company announced its plan to buy the computer retailer for $10.10 a share on January 24. At the time, shares were trading around $6.63 on the New York Stock Exchange. Approximately 69.5 million shares, or 75 percent of the outstanding shares, were tendered in the offer that expired on Feb. 29. Grupo Sanborns' subsidiary TPC Acquisition Corp. now owns 89.9 percent of CompUSA. It owned 14.9 percent prior to the offer. CompUSA shares closed at $10 on Tuesday on the New York Stock Exchange.

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