GOODY’S GETS BETTER BID: Goody’s Family Clothing Inc. said in a statement Monday that it has received a second competing takeover bid at $8.85 a share from an undisclosed party that previously submitted an offer hours before Goody’s agreed to be acquired by Sun Capital Partners IV LP on Oct. 6. The offer from Sun Capital Partners was for $8 a share and a definitive merger agreement was announced on Oct. 10. Two days later, Goody’s said it received its first competing bid at $8.50 a share. Goody’s plans to conduct due diligence on the second takeover bid. Meanwhile, three lawsuits have been filed against Knoxville, Tenn.-based Goody’s in connection with its plans to be acquired by Sun Capital Partners, alleging that the retailer and its directors “breached fiduciary duties.” Goody’s has said all three complaints are “without merit.”
VNU NAMES EXEC: VNU Expositions, an event management company that produces trade shows and conferences and events, has tapped Bruce Goldweitz to be the Couture Group show director of the VNU Expositions Jewelry Group. That group puts on the Couture Jewellery Collection & Conference and the new Signature Salons show in Las Vegas in May. Goldweitz was most recently president of BGP Consulting and before that was group vice president of Reed Exhibitions, which puts on the JCK jewelry shows. He will report to Nancy Robey, vice president of the VNU Jewelry Group.
GMAC AND GLOBAL TRADE: GMAC Commercial Finance announced the formation of an international group within its commercial services division. The group, focusing on global trade, will offer financing tools to importers and exporters. Lou Barone is the executive vice president/international director of the new group, and he reports to John Waxlax, president of CSD North America. Among the options available from the international group will be the ability to trade on liberal open-account payment terms instead of letters of credit.