By: Benzinga
Furniture Brands Announces Court Approval for Enhanced "Stalking Horse" Bid for Company's Assets
Furniture Brands International (OTC: FBNI) today announced that it has entered into an asset purchase agreement with KPS Capital Partners L.P. ("KPS") to acquire substantially all of the Company's assets for $280 million, including the Company's Lane business. In addition, Furniture Brands has filed a motion seeking authorization from the U.S.…Furniture
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