Belk.

PositionStatewide: CHARLOTTE REGION

CHARLOTTE -- Belk will be bought by New York-based Sycamore Partners in a deal valued at about $3 billion. The nation's largest privately owned department-store chain operates about 300 stores in 16 states. Sycamore specializes in retail investments and has more than $3.5 billion under management. The private-equity...

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