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BRIEF-Stanley Furniture Sees Q4 2017 Sales About $11.9 Million [Reuters]

HG HOLDINGS (STLY)  More Company Research Source: Reuters
PDF BRIEF-Stanley Furniture Sees Q4 2017 Sales About $11.9 Million | Reuters Reuters Staff 2 Min Read Jan 23 (Reuters) - Stanley Furniture Company Inc: * STANLEY FURNITURE ANNOUNCES PRELIMINARY FOURTH QUARTER SALES AND NET LOSS; AMENDMENT TO AGREEMENT TO SELL SUBSTANTIALLY ALL OF ITS ASSETS * STANLEY FURNITURE COMPANY - ENTERED INTO AMENDMENT TO AGREEMENT TO SELL SUBSTANTIALLY ASSETS TO CHURCHILL DOWNS PROVIDING FOR REVISED PURCHASE PRICE * ? AMENDED AGREEMENT CONTINUES TO PROVIDE FOR CHURCHILL DOWNS TO ASSUME SUBSTANTIALLY ALL THE COMPANY‘S LIABILITIES * STANLEY FURNITURE COMPANY - AMENDMENT PROVIDES CO WITH A GO-SHOP PERIOD DURING WHICH IT WILL ACTIVELY SOLICIT ALTERNATIVE PROPOSALS FROM THIRD PARTIES * STANLEY FURNITURE COMPANY - AMENDMENT PROVIDES CO WITH A GO-SHOP PERIOD FOR NEXT 14 DAYS CONCLUDING ON FEBRUARY 5, 2018 * STANLEY- AGREEMENT WITH CHURCHILL PROVIDES FOR PURCHASE PRICE TOTALING $18.4 MILLION & 5% EQUITY INTEREST IN BUYER‘S POST-CLOSING ULTIMATE PARENT COMPANY Source text [Read more]

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