How many retail stores did Systemax purchase from compUSA in January?
Systemax, Inc. (NYSE Symbol: SYX) is purportedly in negotiations to purchase the CompUSA brand and possibly many of its remaining assets. If things pan out, Systemax will not only acquire the CompUSA brand, but also its trademarks, e-commerce business and as many as 16 retail stores. This news may come as a surprise to many that had already passed off the ailing CompUSA as dead. Systemax could very well be the savior of the CompUSA namesake. According to Reuters, the deal could reach as high as $30 million – depending largely on which locations Systemax decides to take over. “We believe the value of the CompUSA brand remains very high,” Systemax Chief Executive Richard Leeds said in a statement. “We view this acquisition as a strong complementary business to our TigerDirect operation.” Subsidiaries and divisions of Systemax, Inc. include SystemaxPC, Tiger Direct, Global Industrial, Misco, Infotel, Global Computer Supplies, OnRebate, Hellcat, and Ultra. With such a strong background in
