Tag Archives: U.S. Bankruptcy Court

Spencer to Acquire Brookstone in Prepack Chapter 11

Brookstone

MERRIMACK, N.H.-Brookstone has reached a stock purchase agreement to be acquired by an affiliate of Spencer Spirit as part of a prepackaged Chapter 11 filing in U.S. Bankruptcy Court for the District of Delaware. The purchase price is about $147 million. To facilitate the agreement, Brookstone has obtained the support of the holders of itsMore »

Furniture Brands Announces Court Approval for Stalking Horse Bid

Furniture Brands

ST. LOUIS–Furniture Brands International today announced that it has entered into an asset purchase agreement with KPS Capital Partners L.P. 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. Bankruptcy Court for the District ofMore »

GuildMaster Emerges from Chapter 11; Investors Take Company Private

GuildMaster

SPRINGFIELD, Mo.–GuildMaster has officially emerged from Chapter 11 and will operate as a private company. Management and a small group of investors have purchased the company and committed more than $1 million of capital. A judge in the U.S. Bankruptcy Court for the Western District of Missouri approved the reorganization plan, which had already beenMore »