10:06 AM EST - Liquidation World Inc. : announced today that they have entered into a definitive agreement pursuant to which Big Lots, Inc. will acquire, by way of a court-approved plan of arrangement, all of the outstanding common shares of the Company on the basis of $0.06 in cash for each common share of the Company. On closing, Big Lots would also satisfy all of the outstanding funded indebtedness of the Company, including such indebtedness owing to the Company's senior lenders, senior noteholders and junior noteholders. Liquidation World Inc.
shares T.LQW are trading down $0.045 at $0.07.
