True Value, a hardware store chain, has filed for Chapter 11 bankruptcy and is expected to be acquired by rival Do it Best. Do it Best has offered $153 million for True Value, and the sale is ...

True Value said the sale is the next step in a series of actions taken in 2024 to better position the business and its brand for the long term, including modernizing its legacy operations, driving ...

Hardware wholesaler True Value filed for Chapter 11 bankruptcy earlier this week in the midst of a sale to a home improvement rival. The Chicago-based company is planning to sell the business to ...

Oct. 14 (UPI) -- Long-time hardware retailer True Value announced Monday it has filed for Chapter 11 bankruptcy and is entertaining a bid to sell its assets to competitor Do it Best.

Hardware wholesaler True Value has filed for Chapter 11 bankruptcy amid plans to sell its business to its home improvement rival Do It Best. True Value, based in Chicago, said in a Monday press ...

CHICAGO — True Value, the 75-year-old hardware store chain, has filed for Chapter 11 bankruptcy, the Chicago-based company announced Monday.

True Value has designated Do it Best as the lead or “stalking horse” bidder and initiated a competitive bidding process under Section 363 of the Bankruptcy Code. True Value plans to use cash ...

True Value was founded in Chicago by John Cotter in 1948. The company took on the True Value name in 1962. In 2018, Acon Investments bought 70% of what was then a cooperative.

True Value has filed for Chapter 11 bankruptcy and plans to sell the business to wholesale company Do It Best. Do It Best has offered to pay $153 million in cash to purchase True Value, according ...

True Value has filed for Chapter 11 bankruptcy, and will be sold to a competitor. Here's what it means for True Value's 100+ stores in Pennsylvania.