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Wholesale equipment supplier True Value has filed for Chapter 11 bankruptcy and plans to sell by the end of the year to compete with Do It Best.
True Value retail stores, which are independently owned and operated, are not included in the bankruptcy, and the wholesaler said it will continue to supply products to these 4,500 locations.
True Value Retail Hardware Store (Dorann Weber/Contributor/Getty Images)
This is a developing story and will be updated.
