The transaction closed last week. The price was not disclosed because Goody's is now a private company, having been taken private late last month by an investment consortium comprised of Prentice Capital Management and GMM Capital. The consortium paid $9.60 per share, or $327.36 million for the company, which has 381 stores in 21 states.
In its 2004 annual report, Goody's listed the value of its headquarters and two distribution facilities at around $39.5 million, not including improvements. STAG is believed to have paid substantially more than that figure for the buildings in trade for a long-term leaseback agreement.
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