NEW YORK — The Bon-Ton Stores raised the ante for Elder-Beerman Stores Corp. to more than $200 million Monday with its latest offer of $8 a share.
Shares of Elder-Beerman jumped 12.6 percent, or 91 cents, to close at $8.11 in over-the-counter trading on Monday, following the news that Bon-Ton lifted its bid to $92.8 million for the department store retailer’s stock, plus the assumption of about $110 million in debt.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)