The DODAAD Update Application is a web-based replacement of the batch update to the Master DODAAD database. The master DODAAD contains the names and addresses of activities which must be identified in the DoD standard logistics transactions.
But the Wilfs lost out to a rival group led by former UnitedHealth executive Bill McGuire, Twins owners Bob and Jim Pohlad, Wendy Carlson Nelson, who is on the board of the Carlson Cos. and Glen Taylor, who owns the Minnesota Timberwolves, the Star Tribune and other businesses.
Golden Gate Capital, which owns catalogue companies Spiegel and Newport News, would have a 67 percent interest in Express under the terms of the deal, which is expected to close by July 6. Limited Brands would retain a 33 percent stake in the chain.