I do not know about only 60 and the leftover shops to be sold separately. It is not in the news headline. But even if you assume that and the best price you could get for the 12 extra shops would be an equivalent of Lowe's bid, it means 205 M$ divided by 60 shops is $ 3.4M worth per shop. For 12 separate shops, this would be $ 41M (a higher price for the remaining 12 shops would not make any sense).
$ 205M plus $ 41M makes $ 246M, still way short to give the prefs even a penny per share. The outcome is the same. No value in this stock.
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