Belk goes private

[spuwho]

Charlotte Biz Journal reports Belk goes private for $3 Billion dollars.

Shareholders will get $68 per share.

[palmandmarsh]

You will see more of this soon.  Shareholder pressure demands comps to expand and maximize profits at the expense of the stakeholders is no longer sustainable.  Comps want to convert to a conscious business model that promotes stakeholder satisfaction and community involvement - which the markets have yet to embrace as a legitimate biz platform.

Good for BELK!