TSA now says it is "committed to operating (its) business alone," though speculation abounds over whether the jilted Gart will mount a hostile takeover attempt for its big box rival. In view of the highly promotional Back-to-School season, it would take a miracle for Venator’s stock price, currently under $13, to reach $20.50 by Dec. 31, which would make the alternative deal for TSA possible.

Gart said it was disappointed by TSA’s rejection of its cash offer for 70 per cent of its outstanding stock. The remaining shares would ... Log in to view full article.