Pride Stores CEO Looking to Sell Chain

Pride Stores CEO Bob Bolduc announced plans to sell the chain, which includes 31 stores and 525 employees, with 10 additional sites in development. Bolduc told the Republican he will know in six to eight weeks if he will sell and who the buyer will be. He has hired a merger and acquisition firm and has been speaking with potential buyers, which include oil and gas companies and chain convenience-store operators. The plan is to sell the whole company, retaining only a few real-estate investments.

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