Reuters: Deals: Auto repair chain Midas to go private for $173 million

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Auto repair chain Midas to go private for $173 million Mar 13th 2012, 11:29 Tue Mar 13, 2012 7:29am EDT (Reuters) - Midas Inc (MDS.N), an auto aftermarket repair chain, said it would be taken private by TBC Corp for $173 million in cash. TBC's offer of $11.50 per share represents a 28 percent premium to the stock's closing price of $8.99 on Monday. Palm Beach Gardens, Florida-based TBC Corp, which supplies automotive replacement tires to retailers and distributors in the United States, said it will also assume $137 million of Midas's debt and pension liabilities.

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