Showing posts with label Buying. Show all posts
Showing posts with label Buying. Show all posts

Thursday, December 27, 2012

Local shoppers run into trouble buying gift cards

  Pooja LodhiaHOUSTON (KTRK) -- "Super Saturday" is what retailers have dubbed the Saturday before Christmas, but local shoppers making a last-minute dash to the stores ran into some trouble.

With just three days until Christmas, shoppers are packing into stores.

"It's just so many people everywhere all the time," shopper Emily Austin said.

It was so many people that some local retailers' credit card systems have been crashing.

We spoke with several managers who say they were unable to issue gift cards for much of the day because of unprecedented demand.

"I think it is crazier this year than last," shopper Katia Mazzone said. "I've noticed a difference."

Retailers we spoke to said the gift card problems had cleared up by Saturday night, but it's hard to tell what will happen as people continue their last-minute shopping.

(Copyright ©2012 KTRK-TV/DT. All Rights Reserved.) Get more Local »


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Thursday, May 3, 2012

Louis Dreyfus Commodities buying Imperial Sugar

AP  SUGAR LAND, TX -- Louis Dreyfus Commodities LLC is buying refined sugar processor Imperial Sugar Co. for about $77.5 million.

Houston area-based Imperial Sugar's board unanimously approved the acquisition, which is targeted to close in the second quarter.

Louis Dreyfus will pay $6.35 per share, which is a 57 percent premium to Imperial Sugar's closing price of $4.05 per share on Monday. Imperial Sugar currently has approximately 12.2 million outstanding shares.

The companies said Tuesday that the total value of the deal is about $203 million, which includes debt and pension liabilities.

Last month Imperial Sugar, which is based in Sugar Land, said it netted $60.4 million from the sale of its 50 percent stake in Wholesome Sweeteners Inc. to an affiliate of the Arlon Group.

(Copyright ©2012 by The Associated Press. All Rights Reserved.) Get more Your Money »


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