Hart Stores sale now completed

LAVAL, Que. — Paul Nassar, a major shareholder of mid-sized department store chain Hart Stores Inc., has bought the company outright through a numbered company indirectly owned by Nassar. The total purchase price is approximately $2.73 million. Under the amalgamation, all outstanding common shares of Hart Stores were cancelled, and shareholders will receive 20 cents in cash per share for the cancellation of the shares. Hart Stores has 61 outlets in secondary and tertiary markets in Eastern Canada.