Group to buy 70% stake in Simmons

Article Abstract:

Fenway Partners, an investment firm based in New York, has inked a definitive agreement to purchase an approximate 70% stake in Simmons Co. in a deal worth about $500 million. Once the purchase is completed, a group of Simmons senior managers and an Employee Stock Ownership Plan will own another 25%. Simmons' current majority owner, Investcorp, who paid around $253 million in March 1996 for a 70% stake in Simmons, will still retain its 5% stake. Simmons Chairman Zenon Nie stated that Simmons was thrilled to commence its alliance with Fenway.

Comment:

Inks a definitive agreement to purchase an approximate 70% stake in Simmons Co in a deal worth about $500 mil

Asset sales & divestitures, Mattresses & Bedsprings, Mattress Manufacturing, Simmons Co., Fenway Partners Inc., Article

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Harden moving toward 100% forest certification

Article Abstract:

Harden Furniture is progressing in its efforts to receive certification for its timber harvesting activities. The company hopes to gain certification through the Sustainable Forest Initiative.

Government regulation, Licensing agreements, Furniture industry, Licensing, certification and accreditation, Natural resources, Lumber industry, Logging, Lumber and wood industry software, Harden Furniture Company Inc.

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Investors get major stake in Harden Mfg

Article Abstract:

The details on Linsalata Capital Partners' acquisition of stake in Harden Mfg. are presented.

Financial management, Investment Offices, Investment Funds & Trusts, Misc. Fabricated Textile Products, Mergers, acquisitions and divestments, Company acquisition/merger, Home furnishings industry, Investor relations, Linsalata Capital Partners

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