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Home Interiors Gifts Inc

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April 24, 1998 | Bloomberg News
Hicks, Muse, Tate & Furst Inc. agreed to buy most of Home Interiors & Gifts Inc. for $920 million, betting that the company can become one of the nation's largest direct-sales marketers. Hicks Muse said the acquisition, for $170 million in cash, $275 million in equity and $475 million in assumed debt, will give the closely held investment firm about 65% of Home Interiors, which had 1997 sales of $468 million. It sells products nationwide through about 48,000 independent representatives.
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BUSINESS
April 24, 1998 | Bloomberg News
Hicks, Muse, Tate & Furst Inc. agreed to buy most of Home Interiors & Gifts Inc. for $920 million, betting that the company can become one of the nation's largest direct-sales marketers. Hicks Muse said the acquisition, for $170 million in cash, $275 million in equity and $475 million in assumed debt, will give the closely held investment firm about 65% of Home Interiors, which had 1997 sales of $468 million. It sells products nationwide through about 48,000 independent representatives.
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