ST. LOUIS, MO – Furniture Brands Intl Inc. confirmed that it received an unsolicited letter from Sun Capital Securities Group LLC, which expressed an interest in purchasing all outstanding shares of Furniture Brand’s common stock. 

The letter is non-binding, does not include an offer price for the shares and includes many caveats such as due diligence. According to Furniture Brands, the letter does not provide the company’s Board of Directors with any meaningful basis to evaluate the letter.

Read more. 

Have something to say? Share your thoughts with us in the comments below.