NHD Stores, Inc., a Stoughton, Massachusetts-based chain of hardware retail stores, retained Shields & Company to render a fairness opinion in anticipation of the company's sale to ACO, Inc., Michigan's largest, privately held hardware retailer. ACO's tender offer for all outstanding common shares of NHD Stores was approved by the boards of directors of both companies, and NHD Stores was able to commence operations with stronger prospects for sales growth and positioning in the hardware retail industry.
Shields & Company acted as a financial advisor to NHD Stores, Inc. in the above transaction.
