Proposed Takeover of Furniture Brands

Posted by slone on February 22nd, 2008 at 06:33pm

Sun Capital Partners has made a bid for the takeover of Furniture Brands International. Sun Capital, a shareholder in the furniture company, has made a private offer to buy the company. According to reports they offered a considerable premium above the current stock price.

Sun Capital currently owns just over nine percent of the furniture company’s stock. The shares were purchased in January of 2007.

It is unknown how Furniture Brands will react to the offer. However, last year they refused a similar offer by Samson Holding.

Under Furniture News