Tag Archives: District of Delaware

Sailing Innovation Wins Brookstone Auction

Brookstone

MERRIMACK, N.H.-Sailing Innovation, a consortium led by China-based Sailing Capital Overseas Investment fund, has been selected as the winning bidder at the auction for Brookstone. According to a Brookstone statement, the purchase price is $135.7 million, net of cash and assumed liabilities. Subject to the approval of the U.S. Bankruptcy Court for the District ofMore »

Last updated: June 4, 2014

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 »

Last updated: April 3, 2014

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 »

Last updated: October 3, 2013