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Short Take: Tandy sells of stores

Tandy entered an agreement to sell five Computer City stores in Scandinavia to SIBA AB of Sweden. The company said Computer City Europe stores have been successful, but were no longer a strategic asset of Computer City or Tandy. Terms were not disclosed, other than noting it is a cash deal at "Tandy's net book value."

Tandy entered an agreement to sell five Computer City stores in Scandinavia to SIBA AB of Sweden. The company said Computer City Europe stores have been successful, but were no longer a strategic asset of Computer City or Tandy. Terms were not disclosed, other than noting it is a cash deal at "Tandy's net book value."