Belk sets date for shareholder meeting on acquisition
Charlotte-based Belk Inc. plans to hold a special shareholder meeting Nov. 4, when shareholders will vote on its proposed acquisition by Sycamore Partners.
The meeting is scheduled for 10 a.m. at Belk’s headquarters, located at 2801 W. Tyvola Road, according to a securities filing Friday. Shareholders can attend, or vote beforehand by proxy.
Sycamore, a New York-based private equity firm, said in August it has agreed to buy Belk for $3 billion. Sycamore has said Tim Belk will remain CEO, and the company plans to continue the Belk brand.
The sale would end local control of the 127-year-old retailer that began in Monroe and grew to become one of Charlotte’s iconic companies.
Ely Portillo: 704-358-5041, @ESPortillo
This story was originally published October 2, 2015 at 6:28 PM with the headline "Belk sets date for shareholder meeting on acquisition."