Comp USA Sold

Mexican retailer Grupo Sanborns has agreed to purchase leading computer retailer Comp USA for slightly more than $790 million. Grupo Sanborns will pay $10.10 for each outstanding common share of Comp USA, a premium of 50% on Comp USA's Friday closing price of 6 ¾. Grupo Sanborn's Carlos Helu identified increasing the Internet presence of Comp USA as the new owners top priority.