| Proposed Ticker: - | 645 E. Missouri Avenue | |
| Exchange: NASDAQ-National Market | Phoenix, Arizona 85012 | |
| Industry: Retail | (602) 265-9200 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 6/26/96 | |
| U.S. Shares Filed: | 6,700,000 | Filing Range: | $14.00 - $16.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $100,500,000 | |
| Primary Shares: | 6,700,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | 37,021,700 | |
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 1/28/96 | 4/28/96 | 4/30/95 | 4/28/96 | ||
| Revenue: | $718.35 | $189.19 | $172.30 | Assets: | $398.95 |
| Net Income: | -$9.09 | $1.50 | -$1.80 | Liabilities: | $337.45 |
| EPS: | -$0.29 | $0.05 | -$0.06 | Equity: | $61.50 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is the largest retailer of automotive parts and accessories in the Western United States and one of the largest such retailers in the United States. As of April 28, 1996, the company operated 569 stores as a fully integrated chain under three tradenames, each of which at one time represented a separate retail chain: Checker Auto Parts, founded in 1968 and operating in the Southwestern and Rocky Mountain states; Schuck's Auto Supply founded in 1917 and operating in the Pacific Northwest; and Kragen Auto Parts, founded in 1947 and operating primarily in California. As such, each has a long operating history, established name recognition and customer loyalty in its respective markets. Based on store count, the company believes it is the largest retailer of automotive parts and accessories in 18 of its 24 markets. The company is a consumer-oriented, specialty retailer primarily servicing the do-it-yourself customer, with an increasing emphasis on the commercial customer. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay debt incurred under a credit agreement. |
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