Furniture Brands International announced that the U.S. Bankruptcy Court for the District of Delaware has declared an affiliate of KPS Capital Partners as the winning bidder in the auction.
September 10 is a day that will go down in Woodworking Network infamy. It was the first day WWN issued not one, but two breaking news alerts: Cardell Cabinetry Out of Business and Furniture Brands Files for Bankruptcy.
Furniture Brands International has reached a preliminary agreement for KPS Capital Partners to its acquire assets, including the Lane Business for $280 million. It includes enhanced terms on DIP financing and extends offers of employment to substantially all current employees
Furniture Brands International has entered into an asset purchase agreement with KPS Capital Partners L.P. to acquire substantially all of FBI's assets for $280 million, including the Lane business. The news was announced Oct. 3.
Furniture Brands International bankruptcy hit a snag as a trustee objected to a $6 million fee for Oaktree Capital Management. Oaktree is providing debtor in possession financing for the parent of Thomasville, Broyhill, and Lane brands. A creditor's committee
Furniture Brands International announced that its common stock will begin trading on the OTCQB Marketplace under the ticker symbol “FBNI” commencing August 28, 2013.
Howard G. Smith announces a class action lawsuit has been filed in the United States District Court for the Eastern District of Missouri on behalf of purchasers of the common stock of Furniture Brands International, Inc.