Content area
Full Text
Tweeter Home Entertainment Group has taken another step_ toward becoming a national specialty CE chain by setting its sights on United Audio Centers as its next acquisition target.
The merchants, both members of the PRO Group buying organization, announced last week that they had reached an agreement in principal for Tweeter to snap up the Chicago-area specialist for $6.5 million in Tweeter stock. United, a 40-year-old chain run by president Shelley Miller, operates seven stores that together generated about $48 million in revenue last year.
Under terms of the deal, which is expected to close April 1, Tweeter will exchange its...