Some 99 Cents Only Stores

It looks like the end game is near for 99 Cents Only Stores (Ticker: NDN). The New York Post is reporting that Ares Capital is close to placing a bid for 99 Cents Only Store. The Post is certainly not the best source for M&A news, but they seem to have an inside scoop on this one. Ares Capital will be competing with Leonard Green & Partners for this company. I picked up a few shares today at $19.76.