MECHANICSVILLE, Va. -- Although two of the potential buyers of the Mechanicsville, Va.-based Fas Mart Convenience Stores Inc.--Israeli companies Granite Hacarmel Investments and Polar Investments--have since withdrawn from deal, the chain’s acquisition by another Israeli group, Gmul Investments, grew closer to implementation Friday, reported Globes Online, Israel.
Sources told the news source that Gmul, controlled by brothers Ellie and Jules Trump, and DJG Industries, controlled by Marlaz-Shore Area Construction Property & Holding, are about to acquire Fas Mart in equal shares. They also managed to lower the price of the deal by 10%, to $35 million, said the report. Sources close to the two companies believe a deal might be closed within two weeks, it added.
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