Looks like all those pennies have added up to a profitable business plan: the 99 cent store announced today that it will likely be bought out for $1.6 billion, reports the AP . The company, which is based on the City of Commerce and has 214 stores in California, received the offer from affiliates of the investment firm Ares Management LLC and the Canada Pension Plan Investment Board. more › Read this article: 99 Cents Store Likely to be Sold for $1.6 Billion