Chicago-based True Value Co. LLC on Monday began voluntary Chapter 11 bankruptcy proceedings, with the goal of selling its business operations to Fort Wayne-based Do It Best Corp. True Value said in a ...

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Do it Best offered $153M for True Value’s business operations, which serves 4,500 independently owned retailers. The offer is a stalking horse bid and would be subject to better offers if any were to ...

After 75 years in business, True Value Company LLC, a home improvement retailer, has filed for Chapter 11 bankruptcy and is selling to industry peer, Do it Best Corp. The company announced Oct. 14 “it ...