Orange County Business
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Big O Tires Inc.: Shareholders voted to hire an investment banker to explore the possibility of selling the company, officials said Thursday.
Big O’s second-largest shareholder, Kenneth W. Pavia Sr., general partner of Balboa Investment Group L.P. of Newport Beach, submitted the proposal for a vote at Wednesday night’s annual meeting.
Big O Tires, based in Englewood, Colo., is one of the largest independent retail tire and auto-service franchisers in the nation. The company has 370 stores in 18 states across the West and Midwest.
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